Sun, Feb 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Counterpoint Asian Macro fund reaches $122m AUM

Thursday, May 08, 2014
Opalesque Industry Update - City Financial’s Asia Macro hedge fund, Counterpoint, has launched with over $120m in assets, making it one of the largest Asian hedge fund - and the largest Asian macro fund - launches in the last 12 months.

The Counterpoint Asian Macro Fund is managed by Geoffrey Barker with City Financial Investment Company (Hong Kong) Limited.

There was no seed investor and capital came from a combination of investors in Geoffrey’s previous fund and from new investors.

The fund is a discretionary macro strategy focused on investment opportunities driven by the markets and economies of Asia-Pacific. Its investment objective is to achieve annual double-digit returns over the course of a cycle of 5-7years, with low leverage and ready liquidity.

The strategy is contrarian, value-orientated and research-driven, combining longer term strategic positions with shorter term tactical positions.

Andrew Williams, Chief Executive, City Financial, says: “We are pleased to report that the Fund got off to a running start in March, returning a net 1.8% to Class A investors in what was a choppy month for markets.”

Geoffrey Barker, Portfolio Manager for the Counterpoint Asian Macro Fund, said: “Volatility in Asian markets has presented lots of opportunities for a fund like ours. Investors can still capitalize on the region’s growth and seek double-digit returns through the fund. Most other Asian macro funds with a long-standing track record and team are closed to new capital, so capital raising success in part represents investor demand for an uncorrelated strategy with relatively few available managers.”

City Financial Investment Company (Hong Kong) Limited is a wholly owned subsidiary of City Financial Investment Company Limited.

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider