Singapore’s RSR Returns External Money

Dec 14 2011 | 11:06am ET

SR Capital, a Singapore-based hedge fund, is returning money to external investors.

Founding partner and COO Christophe Delorme told Reuters the team behind the Caerus Arbitrage Asia Fund plans to change strategy and may relaunch next year.

Delorme’s fellow RSR partners are Remi Colinmaire, Serge Handjian and Robert Webb. Colinmaire is the former head of index volatility trading at Goldman Sachs, Hanjian the former head of equity derivatives in Tokyo at Barclays Capital and Webb the former head of Asia index options trading at Morgan Stanley. Delorme was formerly head of Japanese over-the-counter multi-products at Newedge Group.

"We are still here. We will trade only for ourselves for few months and resume with the fund once ready," Delorme told Reuters in an e-mail on Wednesday.

Caerus Arbitrage Asia began life in August 2010 with $4 million and was managing about $60 million in May 2011, at which point its ambition was to manage $100 million by year’s end.

According to a letter to investors seen by the news agency, the fund was down 7.72% through October 2011. It saw its biggest monthly drop—5.13%—in September.

"We will experiment our new strategy from January to June 2012, and if we like the performance, we will accept money from external investors again," said Delorme.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...