Barings plans long/short multi-asset launch, hit by China turmoil

Baring Asset Management plans to launch a long/short global multi-asset fund this year, with recent international equity volatility underlining the potential benefits of a short component. Yet the recent Chinese stock-market turmoil has hit the UK firm's efforts to raise money for its new Hong Kong-domiciled multi-asset income product. “We hope the [long/short] strategy will be launched this year under a Ucits structure domiciled in Ireland, with registration to allow distribution…