Lumen Advisors fund to exploit global mispricing

Lumen Advisors is to launch a long/short emerging markets fund on 1 February under the umbrella of Fortune Asset Management's emerging manager programme.

The fund will invest globally, seeking to exploit mispricing in debt, equity and currency markets with a minimum position of 65% in fixed income and a maximum of 25% in equity, while aiming for returns between 15% and 18% pa.

The portfolio will be structured to short overvalued stocks to reduce directional market risk, offsetting the potential co