|
|
From Benedicte Gravrand, Geneva:
Opalesque talked to Ali Ahmad, CIO and Portfolio Manager and Sam Bedi, Head of Special Situations of Singapore-based Makara Capital. Ali Ahmad has over a decade of asset and portfolio management experience on Wall Street. Most recently, he held the position of Vice President of the Wealth Management Group of Morgan Stanley out of Singapore for six years.
The fund is a thematic Asia long / short equity hedge fund with a top down approach / event driven -“special situations” style. The Fund currently has US30m AUM consisting of only Partners' capital. It has a target return of 15 –20 % and volatility of 10% or less. It was launched in May 06. Up to April 07, the annualised return was 22.09%, with a standard deviation of 7.03%. Returns for April were 3.6%. It has been well ahead of the MSCI Hedge Fund Index since its launch.
A unique fund structure: top-down macro Asia
“The structure of the fund is quite unique in that it is a top-down macro-Asia centric fund with a very strong bottom-up philosophy. We spend about 70% of (the resources) looking and finding themes across Asia. And this could start off simply with the premise that as China and India are growing, with that actual growth, what are the sectors, what are the industries that would drive that economic growth? Once we find those things, then we take a bottom up view to find companies, sectors that can be exploited … arbitr...................... To view our full article Click here
|
|
RSS
