City Financial, Clontarf Launch Asian Fund Of Funds

Sep 7 2010 | 8:50am ET

London-based City Financial has launched an Asian fund of hedge funds, hiring Clontarf Capital to manage the new portfolio.

The new fund is targeted at institutional investors with an appetite for the growing region.

“Not long ago, the Asian hedge fund market was considered ‘the wild east,’ but this is simply no longer the case,” City Financial CEO Andrew Williams said. Instead, the firm sees “strong maturation” in the Asian hedge fund market.

The Asian Absolute Growth Fund will be managed by Clontarf founder Aoifinn Devitt. It will include 10 high-conviction underlying managers and target annual returns of 15%.

The new fund will charge a 10% performance fee and 1.25% management fee, with larger investors getting a break on both. Such investors will only pay the performance fee on returns exceeding 10%, and will pay a management fee of 0.8%.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...