Hong Kong's Sharp Peak To Close After 21.5% Loss

Sep 26 2012 | 11:50am ET

Another Asian hedge fund is calling it quits, this one after less than a year in business.

Sharp Peak Capital Management debuted in October. In the ensuing 10 months, it has been punished by the very volatility it sought to profit from, with its Vega Fund losing 21.5%, including 15.5% this year through July.

Vega has about US$50 million in assets under management.

Hong Kong-based Sharp Peak is backed by DragonBack Capital Limited and is a member of its hedge fund platform. Sharp Peak was founded by former Credit Suisse executives Jean-Guy Renard and Jonathan Hodgson and former TransMarket Group employee Nils Razmilovic.

Renard left Sharp Peak earlier this year; his license with DragonBack expired in April and his name does not appear on that month's Sharp Peak newsletter.

Sharp Peak is only the latest Asian hedge fund to close its doors this year. More than 70 have done so, including Boyer Allan Investment Management, Novaterra Capital, Orvent Asset Management, Penta Investment Advisors, Pivotal Investments, Riley Paterson Investment Management, Sequence Asset Management and Tiger Asia Management.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.