Thursday, 25 December 2014
Last updated 1 day ago
Nov 11 2008 | 4:41am ET
Another Asia-focused hedge fund has bit the dust.
The APAC Greater China Fund is closing its doors after consulting with investors, Reuters reports. The Hong Kong-based fund, which once managed as much as US$55 million, was down to just $10 million in assets, and had suffered investment losses of almost 16% through September.
“It was basically a decision reflecting our and our investors’ view of the market in terms of opportunity out there in the short-term, and also in terms of what we see as probable fund raising prospects for smaller funds like ours,” manager Ken Lu told Reuters. “Through September, we’d been talking to our remaining investors and everybody felt it was probably better not to try to basically tough it out.”
Even amidst the terrible returns around the world for hedge funds, Asian funds stand out as having a particularly awful year. According to Hedge Fund Research, the average fund in the region is down by about one-third this year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.