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From Komfie Manalo, Opalesque Asia: New York-based firm Exis Capital’s hedge funds registered 7.19% net gains in the last quarter of 2012, bringing profits for 2012 at 14.77% net, says Adam Sender, founder of Exis, in an letter to investors received by Opalesque. Since its founding in March 1998 – almost 15 years ago –, the funds have generated an annualized net return of 18%, Sender adds. Sender is well known in the hedge fund industry. According to CityBizList.com, he started trading stock as a student at the University of Michigan, worked for Steven Cohen at SAC Capital Management LLC before striking out on his own in 1998. Like Cohen, he is a prominent art collector. Bloomberg reported he made losses in 2006 but recovered in 2007 with 53% gains, at which point he bought some more art. In late 2011, his 1,000 works were valued at about $100m and he displayed 70 of t...................... To view our full article Click here
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