Saturday, 1 November 2014
Last updated 23 hours ago
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%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.