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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

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

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of