Gandhara’s Erro Readying New Hedge Fund

Aug 19 2009 | 9:05am ET

Davide Erro is preparing to launch a successor hedge fund to his Gandhara Capital, which he closed earlier this year.

Erro shuttered Gandhara, which once managed as much as $3.8 billion, in March after investors sought to redeem more than one-third of its remaining $2.3 billion. The fund, which invested primarily in Asian and European stocks, lost about 20% last year.

Erro plans to launch the new fund, which will also invest in stocks, early next year, The Wall Street Journal reports. Like several other hedge fund managers who have launched new vehicles this year, Erro will waive performance fees for former investors who join his new venture until he has recouped their losses from last year. The Journal reports he is also mulling a clawback provision.

The new fund, like the old one, will be based in Hong Kong.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note