Monday, 2 March 2015
Last updated 4 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…