Friday, 9 October 2015
Last updated 16 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…