The US dollar denominated Argos Lloyd George Advisory Bamboo Fund is the first from Lloyd George Advisory and is a Luxembourg based SICAV regulated by the CSSF.
It will be an actively managed, long-only fund aiming to create value through the selection of a portfolio of 40-50 listed stocks, a low turnover (around 20%) and a yield of up to 3%. It will be at least 70% invested in Asia and South East Asia, with the MSCI Emerging Markets Index as Benchmark. The targeted performance is 12% per annum.
“We aim to revive the era when there was an intellectual focus on high alpha produced by outstanding managers, mainly through boutique structures,” said Argos CEO Jean Keller.
Lloyd George is a former managing director of IndoSuez Asia Investment Services in Hong Kong. In 1991 he founded Lloyd George Management in Hong Kong with partners including Boston-based Eaton Vance, the Swiss bank Mirabaud and Sal Oppenheim in Germany, growing AUM across a range of top performing funds to some $17bn by 2007.
Lloyd George Management was sold to Bank of Montreal in January 2011 and Lloyd George retired from the firm at the end of April last year. Lloyd George Advisory (HK) Ltd (Lloyd George Advisory) is his latest venture.
“Robert is a serial entrepreneur and an investing legend in Asia,” Keller said.
Evrard Didier, director and head of marketing for Lloyd George Advisory said: “We have been looking for a new horizontal investment strategy to fit changing markets.
“Lloyd George Advisory will therefore invest across sectors, picking the best stocks from those countries with high growth, so delivering higher growth rates than the overall GDP rate in emerging countries.”
