Singapore’s RSR Returns External Money

Dec 14 2011 | 10:06am 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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…