Singapore’s Quant Battered By Redemptions

Mar 24 2009 | 2:00am ET

Singapore-based hedge fund Quant Asset Management said that it was hit hard by investors over the past year, as they withdrew some US$90 million in assets.

The unimaginatively-named fund’s Frank Holle said the firm’s assets have fallen 43% in the past 12 months to US$120 million. Most of the redemptions were from a fund of hedge funds that invests with Qaunt.

“First of all they lost a lot of money with their investments and then they want to get money back because their investors are redeeming,” Holle said at the Reuters Hedge Fund and Private Equity Summit in Singapore.

Despite his forecast that it would take as much as six more months for Quant to win new inflows of cash, Holle painted a rosy picture of the firm’s prospects. He said Quant believes its global and Asian funds can return as much as 30% this year. That may not be too much to ask of the US$95 million QAM Global Equities Fund, which is up about 6% this year. But the QAM Asian Equities Fund is down by almost a quarter in the early going of 2009.

“With inefficiencies in the markets, there are some tremendously interesting valuations and companies with good prospects,” Holle said.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.