Mon, Jun 27, 2016
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   |   
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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider