Monday, 30 November 2015
Last updated 2 days ago
Nov 14 2012 | 12:28pm ET
Mount Kellett Capital Management has pulled the plug on its two-and-a-half year old Asian stock hedge fund.
The New York-based firm will liquidate the $120 million Mount Kellett Asia Partners fund to focus on credit investments in the region, Bloomberg News reports. Fund manager and Mount Kellett co-founder Jason Maynard will remain with the firm, as will Hong Kong-based managing director Hani Abuali, but the hedge fund's head of Asia trading, Simon Kemp, and an analyst have left the firm.
Maynard launched Asia Partners in May of 2010, focusing on large-cap Asian stocks with a fundamental and macroeconomic basis. The fund was up 7.8% this year.
Mount Kellett has $7 billion in assets under management, and this year raised a $4 billion special situations and opportunistic fund.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…