Business & Finance Club - Bahrain: Gulf International Bank (UK) Limited, a subsidiary of Bahrain-based Gulf International Bank (GIB), launched a new emerging markets opportunities fund with assets of more than $100 million.

The fund is a multi-strategy, absolute return product, investing across emerging markets, a statement said.

The strategy focuses on fixed income credit while also providing equity and currency enhancement. The fund takes both long and short positions and aims to generate consistent returns regardless of underlying market conditions.

Returns are generated through identifying undervalued opportunities in emerging markets.

“The emerging markets opportunities fund responds to an increased investor focus on the world’s developing economies,” explained Dr Yahya A Alyahya, GIB’s chief executive officer.

“This fund allows investors to capitalise on the long term structural changes taking place to the global hierarchy,” he added.

The fund will be denominated in US dollars but may take positions in emerging market currencies. In response to the liquidity demands of investors, the fund will provide monthly liquidity with no initial lock up period.

GIBUK currently manages around $15 billion in total client assets and has a long and successful track record of investing in emerging markets.

The team managing the fund has more than 50 years combined experience. The fund’s prime broker is Credit Suisse and the administrator is Citco.