A Guernsey asset management company has set up a fund to meet
the specific needs of a large sovereign wealth fund, with half the
minimum investment target already met by the first investor.
Ninety One Premier Funds PCC Limited, a Guernsey fund range
managed by Ninety One Guernsey Ltd (Ninety One), successfully
completed the launch of a new sub-fund, Emerging Markets Total
Return Credit Fund.
The fund will invest in a diversified portfolio of emerging
market fixed or floating rate credit instruments and related
derivatives.
Grant Cameron, managing director of Ninety One Guernsey, said:
"We were very pleased when our client, a large sovereign
wealth fund, agreed to invest in a Guernsey-domiciled fund. Ninety
One (previously Investec Asset Management) has operated in Guernsey
for over 20 years offering funds managed out of our London or Cape
Town offices and has many large institutional clients, but this is
the first time that we have set up a fund to meet the
