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

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of