Monday, 20 October 2014
Last updated 5 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 McKitish of Peddie School's 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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...