Charlie Chan's Splendid Hedge Fund Living Up To Name

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.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…