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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note