Wednesday, 17 September 2014
Last updated 2 hours ago
Nov 14 2008 | 1:10am ET
One new Asia-focused hedge fund has so far managed to skirt the woeful slide afflicting its peers in the region.
Bronte Investment Management’s Asia Pacific Fund debuted on Aug. 1 and has returned 0.35%, Asian Investor reports. It might not seem like much, but the average Asia-focused fund is down by double-digits this year.
Bronte’s strategy features bottom-up fundamental stock-picking, with a country-analysis overlay. The fund typically includes between 50 and 80 names, with gross exposure of between 80% and 150%. The fund charges a 2% management fee and 20% performance fee with a high-water mark. There is no lock-up period and the fund features monthly liquidity.
Singapore-based Bronte was founded by Morgan Stanley veteran Paul Kitney. At Morgan, he ran pan-Asian long/short equity strategies from New York, Tokyo and Hong Kong. The firm also features Michael Phang as trader and risk manager, Creo Capital veteran Robyn Sim running operations and administration, and former Abacus Capital equity analyst Irvine Chiam as an analyst. Kitney plans to add two other analysts to the team.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
There are two things currency analysts agree on: Currencies have never gone through such a period of low volatility and the dollar must lead the sector out of the current malaise.