Wednesday, 24 September 2014
Last updated 13 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.