Sunday, 2 August 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…