The fund managers use deep local insights and fundamental analysis to identify leading structural themes in Asia – such as the surge in Chinese tourists to Japan or Hong Kong’s retail woes - and assess their impact on industries and companies. Each theme is then expressed through a combination of long and short positions with the aim of neutralising market risk and generating alpha.
PTR-Phoenix is managed out of Singapore by a three-member team led by James Kim, who has more than 20 years of experience investing in Asian equities, along with his colleagues Tai Panich and Jing Wang. Together, the team managed a similar strategy for three years prior to joining Pictet Asset Management.
Launched on November 5, 2015, the fund is UCITS IV compliant, with weekly liquidity and daily pricing.
James Kim said, “As Asian equity markets have expanded and liquidity has improved, the region now makes a market neutral long/short investment strategy a viable and attractive proposition.”
The fund is currently registered for sale in Austria, Belgium, France, Germany, Great Britain, Italy, Luxembourg, Netherlands, Norway, Portugal, Singapore, Spain and Sweden.
This is the sixth fund to be launched as part of Pictet Asset Management’s Total Return fund range, joining Kosmos (global long/short credit), equity long/short funds Corto Europe (Europe mid-caps) and Mandarin (Greater China), and market neutral funds Agora (Europe long/short) and Diversified Alpha (multi-strategy).
