Artradis Plans US$500M Asian Convertible Bond Fund

Oct 20 2008 | 9:47am ET

Artradis Fund Management has become the latest hedge fund manager to announce plans for a vehicle to take advantage of the continuing economic turmoil.

The Singapore-based firm, one of the few Asia-focused hedge funds enjoying a strong 2008, is aiming to raise US$500 million for an Asian convertible bond fund, it said. Given investor skittishness, Artradis said it will not initially use leverage, and will keep assts in custodian accounts “to minimize counterparty risk.” The fund will seek out cheap convertible bonds throughout Asia, including Japan.

So far, Artradis, which manages US$4 billion in assets, has avoided the pitfalls suffered by many Asian hedge funds. While its peers have posted an average double-digit decline, according to indicides, Artradis’ flagship Barracuda fund is up about 12% on the year, while its more highly-levered equity arbitrage AB2 Fund has returned 21% through September.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note