PMA’s Macro Fund Gains 31% In 2008

Jan 13 2009 | 10:19am ET

Hong Kong-based PMA Capital Management’s Harvester Fund posted another positive month in December gaining 3.44%, which brings its 2008 results to 31.16%. The macro fund focuses on foreign exchange and is currently managing US$234 million.

CIO Shun Hong Liu attributed the fund’s success to “a number of broad investment views that guided individual calls throughout the year.” Looking ahead, Liu said it is premature to conclude that 2009 will be even worse than 2008, but there will be opportunities ahead for the fund.

PMA’s US$252 million credit fund, The Temple Fund, also posted positive results for the year, gaining 9.94% in 2008.

PMA was founded in July 2002 and is currently managing US$1.6 billion in equity long/short, credit and Asian foreign exchange funds.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note