Wykeham To Open Asia Hedge Fund

Oct 13 2010 | 11:45am ET

Hong Kong-based Wykeham Capital is opening its long-biased small- and micro-cap hedge fund strategy to outside investors.

The Asia Value Fund will open at the end of this month. The fund currently manages US$2 million for friends and family of Wykeham CEO Howel Thomas, and has returned 45% over the past 12 months, according to Asian Investor.

Wykeham runs a concentrated deep-value strategy, with between 15 and 20 names currently in its portfolio. The fund is especially heavy on electronics and consumer manufacturing.

"Right now, I'd tend to be staying away from banks, financial institutions, real estate, and any heavily leveraged business," Thomas told Asian Investor. "Corporate governance is an important factor. I avoid any company with questionable corporate governance."

Thomas spent nearly a decade at CLSA and five years in real-estate development before setting up Wykeham last year. At CLSA, he was head of options and futures before leaving in 2005.

Wykeham charges 1% for management and 25% for performance with a 6% returns hurdle and high watermark. There is no lock-up and the fund features quarterly liquidity with three months' notice. Swiss Financial is the fund's administrator and Deutsche Bank its cash custodian.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.