Monday, 2 March 2015
Last updated 13 min ago
Apr 2 2012 | 1:25pm ET
Segantii Asset Management has more than doubled its Asia multi-strategy fund's assets—the hard way.
The Hong Kong-based firm's Asia-Pacific Equity Multi-Strategy Fund has seen its assets soar to US$550 million since the middle of last year. Most of that growth comes not from investors, however: Segantii earned 41% for investors over the period, Reuters reports, while most Asian hedge funds lost more than 8% and many smaller Asian hedge funds were forced to close their doors.
The asset growth has Segantii growing in other ways, adding four employees, inlcuding former Credit Suisse executive Kirtes Bharti as head of financing.
Segantii is up about 0.3% this year.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…