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

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.