Sunday, 21 December 2014
Last updated 7 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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