Sat, Oct 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

City Financial launches Asian fund of funds, to be advised by Clontarf Capital

Sunday, September 05, 2010
Opalesque Industry Update - City Financial, the UK asset management firm, announced today the launch of the City Financial Asian Absolute Growth Fund , its first foray into the Asian Fund of Funds market and its first fund primarily targeted at institutional investors.

Capitalising on the strong maturation of the Asian Hedge fund market in recent years, the fund is designed for investors seeking hedged exposure to Asian markets, with low fees and a high degree of transparency. In contrast to many of its peers, the performance fee only applies once 10 per cent performance has been delivered, with no catch up. This, coupled with a management fee of only 80 basis points, puts the fund in an exclusive group aimed at offering high returns without characteristic high costs.

The City Financial Asian Absolute Growth Fund offers a concentrated portfolio of 10 high-conviction funds with exposure to growth in China, India and other Asian markets. These funds are meticulously selected by Aoifinn Devitt and the Clontarf team from a field of over 1000 and evaluated for transparency, track record and returns, complimented by personal meetings with a team that spends one month in three in Asia.

“Not long ago, the Asian hedge fund market was considered ‘the wild east,’ but this is simply no longer the case” said Andrew Williams, Chief Executive of City Financial. “We are delighted to be launching the City Financial Asian Absolute Growth Fund to offer select exposure to the considerable on-the-ground fund management talent that the region is beginning to boast. We’re also delighted to have Aoifinn Devitt and Clontarf join our roster of exceptional portfolio managers.”

Aoifinn Devitt, Portfolio Manager of the fund, said: “Institutions have for years been investing in the Asian region but most still limit their exposure to long-only holdings. We are extremely proud to be able to offer a product that has evolved to meet their demands, not only featuring meticulous selection standards and complete transparency, but also an ‘evolved’ fee structure that puts us head and shoulders above our peers.”


(Press release)


City Financial is a London-based asset management group that has deliberately designed a nimble company to bring to advisers and investors a straightforward series of funds managed by individuals who we believe are masters of their craft. Andrew Williams is the Chief Executive and Robert C Hain is the Chairman.www.cityfinancial.co.uk

Clontarf Capital provides institutional investors with multi-manager solutions, manager selection assistance and strategic allocation services in hedge fund investments and other alternatives. It was founded by Aoifinn Devitt in 2006. www.clontarfcapital.com


-KM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t