Fri, May 24, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Stockade to launch new fund of hedge funds in Asia, Ansher to take investors on investment tour across Central Asia

Tuesday, March 10, 2009
From Komfie Manalo, Opalesque Asia:

Former HSBC veteran Paul Absalom has launched a fund of hedge funds that will steer clear from long-biased strategies. While a hedge fund manager is planning an on-site tour of emerging investment opportunities across the Central Asia.

Stockade Asian Trading Strategies launched
Absalom, former head of HSBC’s hedge fund and central bank sales, is launching the Stockade Asian Trading Strategies fund of hedge funds reported AsianInvestor.net today (10-Mar-09).

According to the report, Absalom is joined by portfolio manager Tiong Yee Koh, who previously established the fund of funds platform at UOB, and Jacob Shin, formerly of Richcourt Fund Advisors and the World Bank Pension Fund. Stockade will be based in Singapore.

According to the report, Stockade will only invest in funds that operate non-long biased strategies, such as macro, relative value arbitrage, currency and quant. It added the fund will offer a beta overlay to investors.

Currently, the fund has raised $500m in assets and will soon market in the U.S. and Europe, the report added.

Ansher Fund Management to take an on-site tour of emerging investment opportunities
Meanwhile, Ansher Fund Management announced plans for an on-site tour of emerging investment opportunities with its investors in Uzbekistan and Kazakhstan, in the Central Asian region on 31 March to gain a direct insight into the political and business environment, as well as into potential lucrative investment opportunities.

Ravshan Yunusov, managing director of the fund said the trip will explore new frontier markets that opportunities for both diversification and growth in investors’ portfolio, reported Hedgefundnews.blogspot.com.

Ansher is only Western European fund offering exposure to Central Asia and Caucasus` growth story (Opalesque Exclusive).

GFIA predicted fresh launches in 2009
The launch of Stockade came as Singapore-based consulting firm GFIA predicted last month that 2009 (Opalesque: 26-Feb-09) will be a year of new startup for hedge funds in Asia.

In its report entitled: "Asia Hedge Funds Note," GFIA said the new fund launches will be driven by qualified and experienced hedge fund professionals who are looking for new opportunities.

Asian hedge fund assets dropped 36% in 2008
Stockade’s entry into the hedge fund world comes at a time when Asian hedge fund assets fell 35% to $76bn in 2008, according to Hedge Fund Research. While hedge fund data provider HedgeFund Intelligence said in its report (Opalesque: 06-Mar-09) that the global hedge funds had dropped 30% in 2008 to a bit more than $1.8tln, from $2.646tln at the beginning of that year.

Comparatively, the Eurekahedge Hedge Fund Index showed that the global hedge fund industry shrunk from $1.9tln at end-2007 to $1.5tln at end-2008. Source.

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. Redemptions hit quant king AQR in performance slump[more]

    From Financial News: AQR Capital Management, one of the biggest quantitative fund managers, is undergoing a prolonged performance downturn that has led to investors withdrawing increasing amounts in 2019. The Connecticut-based firm, which manages both hedge funds and mainstream long-only funds,

  2. Investing: Hotshot active fund managers will soon have a way to play the ETF game, US hedge fund Coatue may lead $120m funding in Faasos parent, David Tepper's Appaloosa sharply boosts bet on U.S. stocks, 3 big-name pot stocks money managers dumped in the first quarter, Secretive investment firm Lone Pine Capital is quietly minting tech unicorns in Seattle, Hedge fund Marshall Wace is a secret winner in the Amazon-led $575m funding round for food-delivery company Deliveroo[more]

    Hotshot active fund managers will soon have a way to play the ETF game From CNBC: ActiveShares, a product built by financial innovation firm Precidian Investments, received an SEC nod that its so-called nontransparent ETFs should be approved. A marked break from the norm, nontransparent

  3. Tech: 'It's a cat-and-mouse game': The head of technology at $60bn hedge fund Two Sigma explains why cybersecurity is a bigger challenge than AI, Computer models won't beat the stock market any time soon[more]

    'It's a cat-and-mouse game': The head of technology at $60bn hedge fund Two Sigma explains why cybersecurity is a bigger challenge than AI From Business Insider: A big part of Alfred Spector's job is to think about the future. Spector, the chief technology officer at Two Sigma and head

  4. Activists: Voce Capital drops proxy fight with insurer Argo Group, Blackstone battles Elliott for QEP, Sony CEO stresses value of Sony pictures entertainment at strategy briefing[more]

    Voce Capital drops proxy fight with insurer Argo Group From Express News: San Francisco hedge fund Voce Capital Management has dropped its proxy fight with Argo Group International Holdings, the specialty insurance company that has its U.S headquarters in San Antonio. Voce blamed A

  5. People: Hedge funds raid BNP's shuttered prop desk amid talent race[more]

    From Bloomberg: BNP Paribas SA's closure of its proprietary-trading desk has triggered a hiring frenzy for the world's biggest hedge funds. Citadel has recruited Mathieu Gaveau, who was head of rates at BNP's Opera Trading Capital division until it was shut down in January. Paolo Nicolosi, a se