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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.