Charlemagne Capital, the newly rebranded Eastern Europe investment operation that was formerly part of Regent Pacific, is set to launch a closed-ended fund arbitrage vehicle.
The Cayman-domiciled fund will aim to buy into closed-ended funds trading at a discount to net asset value.
While Regent has operated within that strategy since 1991, this vehicle will, for the first time, attempt to hedge out market exposure and make money purely out of narrowing discounts.
Every long position held will have
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