Artradis Stakes Claim As Asia’s Best Hedge Fund

Jan 30 2009 | 4:04am ET

Singapore’s biggest hedge fund manager can now lay claim to another impressive superlative: Asia’s best.

Artradis Fund Management’s US$2.4 billion Artradis AB2 Fund returned 35% in 2008, when the average Asian hedge fund lost one-third of its value. A less levered version of AB2, the US$1.8 billion Artradis Barracuda, returned 27%, as did its Naga Short Bias Fund. The firm’s new $68 million Asian Convertible Bond Fund got off to a great start, returning 11.2% since inception on Nov. 1. The firm’s Naga Market Neutral Fund did less well, falling 2.6%.

Just like it avoided the performance downturn suffered by many of its peers, Artradis says it skirted the redemptions that battered the industry toward the end of the year. Julian Ings-Chambers, managing director at the firm, told Bloomberg News that the firm actually had “slightly positive inflows overall,” and as such the firm has no intention of restricting withdrawals.

“Having had a good year, there’s a temptation for some to take profits,” Ings-Chambers said. “The world is in the process of deleveraging and hedge funds are part of that.”

Artradis says that, while it expects volatility to decline next year, it will still make “significant news” that will offer opportunities.

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