Mon, Nov 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss Asia Capital gains Singapore licence, commodities fund up 10% in September

Wednesday, October 24, 2012

Benedicte Gravrand, Opalesque Geneva:

Juerg Kiener, MD and CIO of Swiss Asia Capital (Singapore) Pte Ltd. announced today that his firm had been granted its Singapore Capital Markets Services (CMS) licence.

Jefferies Group, Inc. announced the same granting last week, for its Jefferies Bache Futures & Options business.

Kiener confirmed to Opalesque that Swiss Asia Capital is an independent fund manager in Singapore with an investment focus in Asia and the resources space. It is not part of Swiss Asia Holdings, another Asia-based investment firm.

Swiss Asia Capital runs the SAC Global Energy and Mining fund, an open-ended fund domiciled in the Caymans which invests in global commodities markets, with a growing focus on the Asia Pacific region. Its portfolio has exposures in quoted and unquoted shares and physical precious metals.

It has returned 170% since its May-2002 inception, and is up 6.2% YTD, after returning 10% in September 2012.

"Most beta markets rallied with the coordinated intervention by the world’s leading economies," says the fund’s latest monthly report. "The European Central Bank prepared to buy government bonds in unlimited quantities, China announced $157 billion worth of infrastructure projects, and the United S......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - Stringent rules for hedge funds make the financial system fragile[more]

    From FT.com: …It is one thing to impose a regulatory burden when there is a clear need to do so. Banks are underwritten by taxpayers via deposit insurance as well as the too-big-to-fail safety net; they need to be reined in, and if they shrink as a result, that may be welcome. But it is another thin

  2. Investing - Apple: Hedge funds are crazy about it, Greenlight Capital took stake in Citizens Financial after IPO, Tiger Global added to Hertz, exited Dollar General last quarter, Oberweis sells NQ Mobile stake as Valiant adds shares, Whitney Tilson sticks to losing bet on MagicJack shares, Brigade Capital backs €90m Quinn sale[more]

    Apple: Hedge funds are crazy about it From Techinsider.net: Apple Inc. is still the most popular stocks among hedge funds. According to a recent report by hedge fund tracking site Insider Monkey, more than one out of 5 hedge funds are invested in Apple Inc. At the moment there are

  3. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  4. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  5. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca