Pacific Asset Management (PAM), part of Sir John Beckwith's Pacific Investments Group, is preparing to launch an emerging markets fund next month for EM specialist partner firm North of South Capital.
The UCITS compliant Pacific North of South EM All Cap Equity fund will be run by North of South Capital founder Matt Linsey and his team and represents Beckwith's first move back into emerging markets since he sold Thames River Capital back in 2010.
It will follow the same long-only, value investment approach which Linsey used when sub-advising the GAM Star North of South fund for six years between 2011 and 2017.
Matthew Lamb, CEO of PAM, commented: "Given the interest in value investing and emerging markets and the lack of value all-cap managers with a strong record in this area, we think this is a very good time to be launching an EM fund.
"We are hugely excited about our new partnership and the continued ability to bring our clients the best of the world's craft businesses in the increasingly industrialised world of asset management.
"This is a clean, actively-managed fund in a market where ETFs struggle a bit more, especially if you want the value tilt."
The group added the total expense ratio (TER) on the fund will be kept under 0.9%.
Meanwhile, the firm has also hired Paul McLernon as chief operating officer and Ben Sears as head of UK adviser strategy.
McLernon, who starts in November, joins from equity long/short manager Pensato Capital where he was COO and equity partner. Prior to Pensato, he was part of Goldman Sachs' prime brokerage and equity finance trading arm for 13 years.
McLernon said: "The team have made great progress in a short space of time and as the momentum gathers pace, I am thrilled to be asked by Matt and the team to help develop the business with them."
Having started in September, Sears joined from Shore Capital, where he worked at the firm's subsidiary Puma Investments. He also spent eight years alongside Lamb at GAM and will now be responsible for driving PAM's UK expansion.
Lamb said: "I am delighted that Paul and Ben are joining the business. Their arrival will help us to continue to focus on our primary goal of delivering outstanding investment solutions to our clients."
In addition, the firm's risk-rated multi-asset range, which blends active, passive and smart-beta strategies, has passed $120m AUM since launch in January.
"We have made significant progress since the multi-asset funds launched, not only from an AUM perspective but also by continuing to build a flexible, robust infrastructure, supported by some of the most talented people in the industry," Lamb said.
Pacific Investments Group was founded in 1994 by Sir John Beckwith CBE and Mark Johnson. It has founded a number of asset management businesses over the past 20 years, including Liontrust, Thames River Capital, River & Mercantile, Nevsky Capital and Europa Capital.
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