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Hong Kong Asset Manager Rolls Out New Actively-Managed Macro Fund

Josh O'Neill

20 September 2017

to launch a new global macro fund.

The LEAD Absolute Return Fund SP, domiciled in the Cayman Islands, aims to achieve long-term, absolute returns, and will deploy a global macro strategy focusing on developed markets.

Andrew Lam, senior portfolio manager, will manage the fund. Its portfolio will consist of large cap equities, listed options, fixed income securities, commodities and futures. 

"While high returns without any regard to risk or volatility was the popular objective three to five years ago, investors are now taking diversification seriously but in a far more controlled approach," Lam said. He added that he believes Asian investors, both high net worth and institutional, are moving away from “big branded funds and becoming more sophisticated”. 

Lam has more than 22 years' investment and advisory experience.