Renaissance to launch GEM fund for latest hire

Renaissance Asset Managers (RAM) is to launch a Global Emerging Market Yield fund for its newest recruit, Michael Kollo.

Kollo joined the EM boutique from Fidelity earlier this year as head of quantitative research. He had also managed a Global Dividend Yield fund seeded by Fidelity. The vehicle will be co-managed by Kollo and chief investment officer Plamen Monovski. They will take a bottom-up approach to stockpicking, focusing on quality, yield-producing companies across emerging markets. The managers will invest in over 100 stocks and allocations will be determined using a flat weight structure with no more than 20% in any country or sector. The fund will have an overall dividend target of 5.5%. A...