Saturday, 27 December 2014
Last updated 3 days ago
Jan 10 2011 | 1:05pm 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.