Ex-TCI Asia Chief Up 8.6% In '11

Jan 4 2012 | 11:12am ET

John Ho's second year on his own wasn't quite as successful as his first, but with hedge funds suffering their second-worst year ever, he'll happily take it.

Janchor Partners, the Asia-focused hedge fund founded in 2010 by the former Children's Investment Fund Management Asia chief, returned about 8.6% last year, Bloomberg News reports. By contrast, the average hedge fund lost about 4% and long/short strategies similar to Janchor fell about 10%, Eurekahedge data shows.

Hong Kong-based Janchor, which manages US$1 billion, has returned 47% since its January 2010 debut.

"We look at our performance over multi-year market cycle," Ho wrote in a preliminary performance update sent to investors yesterday. "We don't focus on any one-year return."

Most of Janchor's assets are locked up for three years.

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