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Alternative Market Briefing

Asia’s Consistent Growth Gives an Australian Hedge Fund +26.65% Finish in 2011

Thursday, January 26, 2012

From Komfie Manalo, Opalesque Asia:

The consistent high growth in Asia, specifically in Asian high yield bonds helped Sydney, Australia-based HCAP Asset Management’s flagship, the HCAP Global Diversified Fund, achieve double-digit returns while the majority of hedge fund strategies faltered last year.

In its latest communication to investors, HCAP said that the global macro fund ended 2011 up 26.65% (+0.15% in December). The performance more than doubled HCAP’s 2010 returns which was pegged at +9.59%.

HCAP Diversified is an Asian focused high yield fund with share classes denominated in USD and AUD. The fund currently features in Opalesque Solutions' Emerging Managers Database.

The fund was a consistent positive net performer last year except in June, July and November when HCAP Global Diversified Fund returned -0.12%, -2.39%, and -1.36% respectively. But the fund quickly recovered in August when it posted its biggest gains for the year at +8.95%. The fund also had remarkable results in the volatile months of September and October when it gained +7.42% and +8.27% respectively.

The fund returned 13.58% in 2010 and 0.37% in December 2009, when it was launched.

Steve Howell, HCAP’s CEO credited the fund’s portfolio, largely made up of liquid investments, which enabled it to provide monthly liquidity to its investors ......................

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