FINalternatives- U.K. asset manager Threadneedle has launched its first Asian-focused hedge fund to complement the firm’s nine other hedge fund offerings.<\/p>\n
The new vehicle, the Threadneedle Asia Crescendo Fund, is being managed by Jan de Bruijn. According to de Bruijn, the fund will generally have a long bias, but will be able to switch to a short bias as market conditions dictate. <\/p>\n
“Due to the sheer scale of the region, analyst coverage can be patchy beyond the well known names, and this provides a fertile hunting ground for us given our emphasis upon primary research and fieldwork,” de Bruijn told the Financial Times<\/em>. “In the course of this research we find lots of valuation anomalies in the region. The long-short structure increases our ability to turn those anomalies into alpha for clients." <\/p>\n The firm’s first hedge fund was launched in 2000, but its latest offering is its first foray into the Asian markets. <\/p>\n