Friday, 22 August 2014
Last updated 2 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note