Tuesday, 30 September 2014
Last updated 1 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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