Adept Capital Launches Early-Stage Asia Fund

Jan 16 2008 | 11:19am ET

Hong Kong-based Adept Capital Partners has launched an early-stage Asia fund of hedge funds with a target of US$150 million.

The Early Stage Asia Fund is targeting an annualized, risk-adjusted return of between 15% and 20%, and will invest in up to 20 Asia-focused hedge funds, which have been operating for three years or less with assets under management of no more than US$250 million. It will be managed by Tony Smith, the firm’s chief investment officer, who was previously responsible for managing an early stage fund of hedge funds at KE Absolute.  

"Asian markets are increasingly attractive for investors seeking absolute returns, with growing liquidity and sophistication. Yet they are still relatively immature and present good opportunities for absolute investment strategies,” said CEO Eleni Istavridis. “Our fund offers the best of both worlds—access to dynamic young managers and to Asia, the world's most compelling growth story."


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of