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