ARGO Group Limited ARGO Launch of new hedge fund

  ARGO Group Limited (ARGO) - Launch of new hedge fund

RNS Number : 9418Q
ARGO Group Limited
13 November 2012






                  Argo Group Limited launches new hedge fund





Argo Group Limited  ("Argo"), the  emerging markets  focused investment  firm, 
announces the launch of a new hedge fund - the Argo Local Markets Fund ("ALMF"
or "the Fund").  The Fund  will seek  to invest in  a portfolio  of bonds  and 
currencies from  a universe  of  over 40  emerging  market countries  using  a 
long/short approach.  It is  being  launched with  an  initial US$7m  of  seed 
capital.



ALMF aims to hold  between 20 and  30 positions at any  given time. It  offers 
investors weekly liquidity and has a mandate to take on moderate leverage.  In 
its management of the Fund, Argo, which has been investing in emerging markets
for over 12 years, will be using a fundamental analysis of each country's debt
and currency dynamics as well as systematic momentum driven models that it has
developed.



Commenting on the launch, Argo chief executive Kyriakos Rialas said: "The case
for investing  in  emerging  markets  is  compelling.  Bond  yields  in  these 
countries are significantly  higher than  those in the  developed world  while 
their debt  burdens  are lower  and  growth  prospects better.  ALMF  aims  to 
generate  attractive  risk-adjusted  returns  for  its  investors  from  these 
conditions".







About Argo Group Limited



Argo Group Limited, the emerging markets investment firm founded in 2000,  had 
assets under management of US$300m at the end of June 2012 across four funds -
The Argo Fund, Argo Special Situations  Fund, Argo Distressed Credit Fund  and 
the Argo Real Estate Opportunities Fund. Argo's main operations are in  London 
and Nicosia.







Enquires



Argo                            Group                            Limited 

 +3572 266 8900

Kyriakos Rialas





Panmure
Gordon
 + 44 20 7886 2500

Dominic Morley





                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCBKBDBFBDDADD -0- Nov/13/2012 07:00 GMT
 
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