Thursday, 26 November 2015
Last updated 13 hours ago
Jun 30 2006 | 6:42pm ET
Optima Fund Management is rolling out an Asian-focused fund-of-hedge funds that will invest with 12 underlying managers based in the region. The Optima Asia Fund is set to launch on July 1.
"Asia represents one of the greatest and most compelling investment opportunities of a generation," said Dixon Boardman, chairman of the firm, in a statement. "We remain at the early stages of a significant realignment of investor interest in the Pacific region, and given recent volatility in the markets, we believe the launch is very timely."
Boardman said he believes that the region is poised to see significant economic and market growth. "This has been driven by expanding regional trade and foreign direct investment, greater focus on creating shareholder value and economic development in China."
The fund will charge management fees of 1.25% and performance fees of 10%. There is a $500,000 minimum investment.
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…