Pictet Asset Management has announced the launch of the PTR-Banyan fund, a new Asia ex-Japan long/short equity fund.
The Luxembourg-domiciled fund will be managed by Nidhi Mahurkar who will be assisted by Anthony Cheung and Olivier Dolieres.
The team aims to follow a research-based bottom-up investment approach and will employ a variable bias in times of market stress in order to provide downside protection in poor environmentals, according to a statement from the company.
The asset management and fund distribution arm of Swiss private bank Pictet & Cie said the new fund has been designed to exploit what it sees as the long term outperformance of Asia ex-Japan.
Pictet claimed that emerging Asian markets are ‘under-penetrated, under-researched and often lack transparency’.
Mahurkar commented, ‘While the West is experiencing a multi-year deleveraging, the East promises strong economic growth and rising domestic consumption for years ahead.
‘We aim to capture this growth and protect investors during the periodic sharp reversals that can occur in these markets.’
The Banyan fund is the fourth Pictet Total Return fund to be unveiled following the PTR-Corto (European long/short), PTR-Mandarin (China long/short) and PTR-Kosmos (global credit long/short).
The fund was launched in Geneva and Luxembourg earlier in the month.