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Note: The new emerging markets vehicle will be the sixth for the Tiger-seeded firm.
Emerging Sovereign Group is preparing to launch a new long-biased emerging markets equity fund, ESG Domestic Opportunity Fund, by April. It will be the $1.4 billion firm's sixth strategy.
The fund will invest in the markets of BRIC (Brazil, Russia, India and China) and EMEA (Europe, Middle East and Africa) countries. The firm plans to invest in the stocks of such diverse companies as casinos, real estate firms, restaurants, retailers and wind component businesses, according to a February investor presentation.
The firm has provided potential investors with a theoretical track record for the new fund based on trades executed in its core strategies and adjusted for the new fund's planned exposure levels and other factors, according to the marketing materials. The theoretical portfolio would have produced a 260.4% total...