Monday, 30 March 2015
Last updated 5 hours ago
Jul 27 2007 | 2:03pm ET
London-based Sabre Fund Management is gearing up to launch an Asia ex-Japan equity long/short fund in October. The firm hopes to launch the Sabre Asian Absolute Return Fund with US$25 million.
Sabre’s new Asia-ex Japan offering focus, which include India and Australasia, will have a bias toward large- and mid-cap Asian companies. “Because of the growth potential we see in Asia, we will be long-biased, but if the economic cycle changes three or four years down the road, the fund may come back down to neutral or may end up going short,” said Simon Lovekin, co-portfolio manager.
“We see opportunities across the board and across the whole of the region. There’re a lot of good companies in Hong Kong, Singapore and Taiwan. The population has got a lot more money in their pockets and interest rates are coming down across the board, so people have gotten used to spending their money again.”
Lovekin, formerly with emerging manager shop MPC Investors, is co-managing the fund with Ian Hunter, who was most recently with Woori Investment & Securities.
The new fund charges 1.5% for management and 20% for performance, with a US$100,000 minimum investment requirement.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…