As the firm notes, emerging markets are expected to decouple further from developed ones and as such they provide investors with a valuable diversification opportunity. In Falcon’s view, investments in these fast-growing, underserved markets and industries offer access to a quality deal flow in a low competition environment.

The MENASA Fixed Income Fund is Luxembourg-domiciled and will be managed by an as yet unnamed manager which the bank describes as "well-positioned and experienced."

In other recent developments, in December reports emerged that Falcon, along with Julius Baer, were being sued by the trustee liquidating Bernard Madoff’s former investment firm who is seeking to recover a total of $76 million in redemptions.

According to Bloomberg, trustee Irving Picard filed two adversary lawsuits seeking a return of funds that were transferred to the two Swiss banks by investors in Fairfield Sentry, a feeder fund for Madoff’s firm. The trustee seeks about $37 million from Julius Baer and about $39 million from Falcon, the report said.

Falcon said it has not been informed of any such claims as mentioned in the story, while Julius Baer declined to comment when contacted by this publication.