Marble Bar Vet's Hedge Fund's First Year: Strong Returns, Strong Inflows

Oct 8 2010 | 11:15am ET

Off to a fast start, hedge fund Kima Capital Management is having no trouble attracting investors.

The year-old Melbourne, Australia-based firm has quintupled its assets under management to US$40 million since the debut of its Pan Asian Long/Short Equity Fund last July. The firm has focused its fundraising efforts on smaller funds of hedge funds and family offices, rather than the larger Australian pension funds.

"At present, we may be seen to be a bit too boutique for the Australian superannuation industry," CEO Michael Gallagher told Bloomberg News. "Nor do we have the long track record."

What track record it does have is impressive. The fund returned 14% during the second half of last year, and is up 17% this year through August. Gallagher said that new commitments and bigger allocations could boost the firm's assets by a further quarter by next month, to US$51 million.

Kima was founded by former Marble Bar Asset Management portfolio manager Justin Klintberg.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…