Singapore Hedge Fund Sees Fast Growth, Big Returns In ‘10

Mar 18 2010 | 8:43am ET

Singapore-based hedge fund Flowering Tree Investment Management is well on its way to profitability after its stock fund outperformed other Asian equities funds over its first 10 months.

The fund debuted in May with US$12.5 million. It now manages more than US$70 million, according to Bloomberg News. The firm expects to break even on the fund when it grows to between US$100 million and US$150 million, firm founder Rajesh Sachdeva said.

Sachdeva said the fund—whose “optimal size” would be between US$300 million and US$1 billion—should return in the “mid-teens to early 20s in percentage terms this year.” The fund is up through February, although Sachdeva wouldn’t say by how much.

“2010 will be a year where markets will not be as directional as they were in 2009; it’s a much more stock-picker’s market,” he told Bloomberg. “We are excited about that environment; that’s when we expect to do well.”

Sachdeva is a co-founder of New York-based hedge fund Sansar Capital Management, which he left in 2008.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...