Ex-TCI Asia Chief’s Hedge Fund Returns 35%, Assets Up To $500M

Jan 10 2011 | 2:05pm ET

John Ho’s first year running his own hedge fund proved a banner one. Janchor Partners’ maiden hedge fund has boosted its assets under management twelvefold since its debut last January, and now boasts some $500 million.

Those eager investors were certainly rewarded: Janchor’s Pan Asian Fund returned some 35.5% in 2010, Bloomberg News reports.

The speedy and sizeable inflows and strong performance has allowed the Hong Kong-based hedge fund, founded by Ho after he left The Children’s Investment Fund Management, to become a bit more selective when it comes to fundraising.

Janchor is not longer actively marketing the fund and is no longer accepting money on a one-year lockup. The fund has a “significant backlog” of capital it can accept, but investors will have to agree to a longer lockup; some 70% of its assets are invested under a three-year lockup.

“Because our fees will start dropping beyond this point, we are going to be even more careful about capital-raising,” Ho told Bloomberg. “Because our business model doesn’t allow us to get more fees, we want to know every dollar we have makes returns.”

Janchor’s management fee begins to shrink after its assets exceed $500 million.


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