Sail Advisors Unveils Focused Fund Of Hedge Funds

Jan 29 2008 | 8:39am ET

Asia’s largest fund of hedge funds platform has launched a new, more focused Asia vehicle with a target of US$300 million.

Sail Advisors unveiled its Sail Asia Focus Fund this month with US$30 million in seed capital, Asian Investor reports. It aims to provide higher returns that its predecessor fund of funds, the Sail Pacific Explorer Fund, with a more concentrated portfolio and greater flexibility to invest in emerging hedge fund managers.

Asia Focus will be managed by Chief Investment Officer Eliza Lau, Denise Hu and Kamni Bharwani. Investing in between 12 and 15 underlying managers, the fund is targeting a return of Libor plus 10%, with a maximum of 1.5-times leverage.


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