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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of