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Saturday, 21 January 2017
Last updated 10 hours ago
Oct 12 2010 | 1:50pm ET
Janchor Partners, the hedge fund launched this year by the former Asia chief at The Children's Investment Fund, continued its strong rookie season with a big third quarter.
The firm's Janchor Pan Asian Fund is up 21% through September, Bloomberg News reports. The big returns have also helped the firm, headed by John Ho, double its assets under management on the quarter.
Janchor now manages US$200 million, up from US$100 million at the end of June. The Hong Kong-based firm launched the fund in January with US$40 million.
Janchor also more than doubled its year-to-date returns during the second quarter. Through the year's first six months, the long/short fund was up 9.9%. The fund rose 6% in September alone.
The growth of the fund has led Ho to stop accepting new money into its one-year lockup share class. Investors must now choose between a two-year and a three-year lockup; some 70% of the fund's assets are in the latter.