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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...