Sat, May 23, 2015
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner