City Financial Unveils US$120M Asian Macro Fund

May 8 2014 | 11:57am ET

City Financial has launched a new hedge fund, which the firm called the largest of its kind over the past year.

The British firm said it had garnered US$120 million for the Counterpoint Asian Macro Fund. The vehicle is led by fund manager Geoffrey Barker, during which he hopes to achieve double-digit annualized returns.

“Volatility in Asian markets has presented lots of opportunities for a fund like ours,” Barker said. “Investors can still capitalize on the region’s growth and seek double-digit returns through the fund.”

“Most other Asian macro funds with a long-standing track record and team are closed to new capital, so capital-raising success in part represents investor demand for an uncorrelated strategy with relatively few available managers.”


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of