The Dublin-domiciled Charlemagne Magna Undervalued Assets Fund has a Ucits III structure and will invest in listed closed-ended funds and companies trading at large discounts to their NAVs, actively working with the invested companies to narrow these discounts.
Julian Mayo will be lead manager on the fund and will work alongside a team of global emerging market experts. Charlemagne aims to identify potential investments through its bottom-up selection process and will invest in a wide array of assets including listed equities and property.
Underlying assets are expected to be listed across a range of stock markets, including London, AIM and NYSE as well as emerging markets. A sub fund of the Magna Umbrella Fund it will have no benchmark and will have bimonthly liquidity.
“Market turmoil has generated outstanding opportunities to invest in emerging markets and the fund will seek to capitalise on this through our proven investment process,” said Mayo.
“We have thoroughly researched this space, meeting with a large number of companies and we see plenty of attractive opportunities across a wide range of sectors which investors can generate strong returns on.”
