Lutetia launches fund for ex-BNP Paribas EM chief

Paris-based investment house Lutetia Capital has launched an emerging markets fund for Claude Tiramani, the Claude Tiramani, the former founding head of BNP Paribas Asset Management’s emerging markets practice.

Claude Tiramani
Claude Tiramani

The Lutetia Emerging Opportunities fund will be an unconstrained long-only Ucits vehicle focusing on domestic demand in emerging markets, following calls for key developing nations to rebalance away from export-led growth.

The fund will use sector, country and stock allocations to generate returns and will be benchmarked against the MSCI Global Emerging Markets index. (article continues below)

Share classes will be available in dollars and euros, but the euro share class will be hedged back to dollars to benefit from any potential appreciation in emerging market currencies, which would increase their domestic buying power.

Note: This article was updated on Nov 4.