Macquarie Asia Hedge Fund Hits US$1B In Assets

Apr 27 2011 | 12:28pm ET

Asia has a new billion-dollar hedge fund.

The Macquarie Asian Alpha Fund now manages US$1.03 billion, Macquarie Group told investors in a letter. The asset growth makes the fund one of only a handful of such hedge funds in Asia—in January, there were only 29 Asian hedge funds with more than US$1 billion in assets under management.

"Being part of Australia's largest investment bank, we have a robust institutional infrastructure and investors take comfort from this in the post-Madoff world," portfolio manager Nick Bird told Reuters.

The Macquarie fund reached the milestone in less than 16 months; the fund managed only US$230 million in January 2010 and at the end of December, it still managed only US$576 million. But Macquarie has aggressively marketed the fund since it paid out about $500 million in redemptions in one month during the financial crisis.

The Asian Alpha fund uses a market-neutral long/short strategy, featuring a quantitative screening process to sift through more than 5,000 stocks.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

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

December 2014 Cover

Futures 2014 person of the year

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.

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.