Friday, 27 February 2015
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May 31 2012 | 2:37am ET
Singapore-based Charlie Chan Capital Partners' macro hedge fund has soared 20% this year betting on Asia.
The US$60 million Splendid Asia Macro Fund made its money on Asian assets, including currencies—except in Japan, where manager Charlie Chan, a former Credit Suisse trader, profitably shorted the yen.
"I don't think anything good can happen in Japan," Chan told Bloomberg News.
As for the rest of Asia, it seems nothing bad can happen.
"We launched our fund at a good time because it was the Greek crisis, so we started off buying things as the market fell, so we managed to pick up some good prices," Chan said. "Asia will be the place to be as the European crisis will slow things down."
Spendid debuted last July. Its assets have increased by 50% since its launch, and the fund is now up 14% since inception.
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…