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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...