Penta’s Asia Hedge Funds Up 123%

Dec 11 2007 | 11:46am ET

Penta Investment Advisers, a $4.8 billion Asia-focused hedge fund shop, like many of its peers, is enjoying a banner year. But few are doing anywhere near as well: Two of Penta’s hedge funds are up in excess of 120% this year.

The numbers don’t include November, when the average Asian hedge fund declined more than 3%. But through October, its $2.2 billion Penta Asia Fund is up 122.8%, and its Asia Domestic Partners Fund is up 123.5%.

“Asian markets (except for Japan) surged forward in October,” Penta told investors in an update. “As with the prior month, several markets recorded double-digit gains with several hitting new all-time highs. The hunger for risk prevailed; valuations rose and IPOs were red hot.”

Penta also said it will close the Asia fund next month, though it didn’t disclose why.

 


In Depth

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note