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New Managers February 2012

Profiles
Three emerging hedge fund managers speak to Opalesque

 

Fund that will play with increased volatility in Asia to be launched Q2 Craig James

Craig James knows about volatility - especially Asian volatility. As Hong Kong-based Portfolio Manager for New York-headquartered AM Investment Partners , he used to run the Asia Volatility Fund, which took a long-volatility (long-vol) posture. (James participated at the 2009 Opalesque Hong Kong Roundtable.)

When he left AM in April 2010, he wanted to create a new fund with a different model - a model that would make better use of the volatility swings.

The Nikkei Stock Average Volatility Index, currently at around 22 (17 a year ago), saw some wild swings in the last year, especially in March 2011 and in the summer. And the HSI Volatility Index, currently at around 23 (around 18 a year ago), also saw spikes in March and in the second half of 2001. The index reached a high of 58 in January 2008, went up to 104 in October 2008, but cooled afterwards, staying in the 20-30 range. High volatility started again in September 2011 when the index reached almost 52.

James is now the founder and CIO of Expedition Advisors Ltd., a new Caymans domiciled equity volatility fund. Currently in New York, he is moving to Hong Kong in March.

He has recently secured a significant seed......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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