FP&P emerging markets expects returns of 20%

Fabien Pictet & Partners has launched an emerging markets debt fund listed in Dublin going both long and short on emerging markets bonds. It aims to achieve annualised returns of 15% to 20%.

The Global Emerging Markets Bond Fund, the firm's fourth fund also aims to reduce portfolio volatility by using a combination of local currency, corporate, sovereign and distressed bonds.

It will be managed by Julian Jacobson, who has provided average annualised returns of 23% over the past four years via the