Lloyd George returns with Asian fund launch

Lloyd George returns with Asian fund launch

Asian equities veteran Robert Lloyd George is returning to the market after teaming up with Argos Investment Management to launch a fund.

The Argos Lloyd George Advisory Bamboo fund will be an Asian emerging markets fund targeted at discretionary managers as well as multi-managers.

Mr Lloyd George previously founded his own asset management business in Hong Kong called Lloyd George Management which had amassed $17bn by 2007.

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The company was sold to Bank of Montreal in January 2011 and Mr Lloyd George retired from the company at the end of April last year.

But now he has launched Lloyd George Advisory (HK), his latest venture which has seen him team up with Argos IM.

Jean Keller, Argos chief executive, said: “Robert is a serial entrepreneur and an investing legend in Asia.

“He understands, as we do, that the main function of capital is to support growing companies.

“We prioritise an investment-led as opposed to distribution-led culture and I think that is what has attracted Robert to work with us.”

Argos will be distributing the fund throughout Europe. It will have a sterling, euro, Swiss franc and dollar share class.

The Bamboo fund will invest in 40-50 stocks and aim to have a low turnover of 20 per cent and a yield of up to 3 per cent.

It will be at least 70 per cent invested in Asia and South East Asia, with the MSCI Emerging Markets index as its benchmark. Targeted performance is 12 per cent per annum.

Evrard Didier has also joined Lloyd George Advisory as director and head of marketing. He previously worked with Mr Lloyd George in Europe from 2007.