Hong Kong Shop Launches Macro Hedge Fund

Jan 23 2007 | 9:28am ET

Hong Kong-based Ballingal Investment Advisors this month launched the BIA Pacific Macro Fund, a multi-asset long/short vehicle, with US$9.2 million in equity.

The fund will seek to exploit opportunities in commodities, currencies and bonds, as well as equities, going long and short in the Asia-Pacific region, as well as those driven by Asia-Pacific factors, according to the firm. The portfolio managers for the fund are Andrew Ballingal, a former veteran of NatWest, Schroders, TAL and Ruffer in Hong Kong, and Geoffrey Barker, former chief economist at HSBC.

The new offering charges a 1.5% management fee and 20% performance fee.

Ballingal was founded in 2003 and currently manages over US$30 million in two funds: the BIA Pacific Fund and the BIA Pacific Macro Fund.

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