BennBridge boutique launches UCITS mirror fund of Cayman long/short EM vehicle

Run by ex-Harvard Endowment PM Sanjiv Bhatia

BennBridge boutique Pembroke is set to launch a UCITS equivalent of its flagship Cayman-domiciled long/short emerging markets strategy.

HI BennBridge EM Absolute Return will "closely mirror" the Pembroke low-net long/short strategy, which was launched in 2018 under the lead management of former Harvard Endowment portfolio manager Sanjiv Bhatia. It is set to launch on 1 June.  BennBridge bolsters growth efforts with triple distribution and business development hires The Pembroke low-net long/short strategy aims to deliver consistent uncorrelated returns of 10% to 12% per annum, with low volatility and controlled drawdowns. The fund will typically invest 90% of its AUM in liquid intstruments. The Cayman strategy h...