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Komfie Manalo, Opalesque Asia: Nehal Chopra’s hedge fund, Ratan Capital Fund, gained 19% YTD after
reporting 13% returns in February, Bloomberg reported. Chopra, who is one of the hedge
fund managers that were seeded by Tiger Management’s Julian Robertson,
gained the strong performance after shifting her investments from the
U.S. to Europe.
The $1bn Ratan Capital ended 2014 with 22% gains, beating most hedge
fund managers. In the last quarter of last year, Chopra started buying
European stocks and shifted away from the U.S. The move was in
anticipation that the European Central Bank will announce a quantitative
easing (QE) policy while the U.S. withdraws from the stimulus. The
European stocks have risen roughly 15% so far this year since the
introduction of the QE, beating the Standard & Poor’s 500 Index which
gained only 1%.
Anthony Lawler, a money manager at GAM Holding, which invests in hedge
funds, was quoted as saying, "The dataset in Europe is slowly improving,
earnings are being revised up and investors are taking note.
February was one of the best months for the hedge fund industry since
December 2010 and Chopra is one of the best performing hedge fund
managers during the month. Data from Hedge Fund Research showed that the
average hedge fund gained about 2% during the month.
The 82-year-old Ro...................... To view our full article Click here
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