Gulf International Bank UK, a subsidiary of Gulf International Bank (GIB), has launched a new emerging markets opportunities fund with assets of more than $100m.

According to GIB, the fund is a multi-strategy, absolute return product, investing across emerging markets. The strategy focuses on fixed income credit while also providing equity and currency enhancement. The fund takes both long and short positions and aims to generate returns regardless of underlying market conditions.

The fund will be denominated in US dollars but may take positions in emerging market currencies. In response to the liquidity demands of investors, the fund will provide monthly liquidity with no initial lock up period.

GIB UK currently manages around $15bn in total client assets. The fund’s prime broker is Credit Suisse and the administrator is Citco.

Yahya Alyahya, CEO of GIB, said: “The emerging markets opportunities fund responds to an increased investor focus on the world’s developing economies. This fund allows investors to capitalize on the long term structural changes taking place to the global hierarchy.”