Tue, Sep 23, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali