Wednesday, 23 July 2014
Last updated 7 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…