Wednesday, 1 October 2014
Last updated 11 hours ago
Oct 6 2011 | 12:50pm ET
Kelusa Capital Group hopes to raise almost US$200 million for its China-focused hedge fund as its manager eyes a growing list of opportunities.
The two-year-old Kelusa Capital China fund currently manages about US$55 million, most of it in cash as fund manager Kenton Leo waits out the market volatility. But the fund hopes to grow to US$250 million as it plans to jump back into the markets within the next 18 to 24 months.
"Panic creates opportunities," Leo told Bloomberg News. "The list of stocks that I have today that are at all-time low valuations is growing daily as we speak because things are sold down indiscriminately." Among those are container shipping firms, ports and exporters.
"These companies are being hurt by a slowdown in China exports, but borderline bankruptcy is being put into these valuations," Leo said. "These will be an impact, but this entire sector is not going to go bankrupt."
Kelusa China is up over 7% this year despite a 1.7% setback last month.
Leo is targeting investors seeking low-volatility returns in all market environments. "We're very focused on thinking about picking companies that will underperform and outperform in the market, and constructing a portfolio where company fundamentals drive the fund performance, rather than big macro events."
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...