Thu, Apr 18, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

City Financial to launch Asia Macro fund, to be run by Geoffrey Barker

Monday, October 14, 2013
Opalesque Industry Update - City Financial Investment Company Limited (City Financial), the independent investment manager with approximately USD$1.3 billion assets under management, announces the launch of an Asian macro fund scheduled for the first quarter of 2014. The fund will be managed by Geoffrey Barker in a joint venture with City Financial Investment Company (Hong Kong) Limited from its offices at 8 Queen’s Road Central in Hong Kong.

Geoffrey was previously Director of Ballingal Investment Advisors (BIA) for more than seven years, where he set up and ran the firm’s BIA Pacific Macro Fund. During this period the BIA Pacific Macro Fund had an average annualised return of approximately 14.1% gross, 10.4% net (versus the MSCI World Index USD of 1.2% over the same period).* This performance won Geoffrey and his team awards from both Eurekahedge and Asian Investor including Best Asia Based Global Macro Fund.

Andrew Williams, Chief Executive, City Financial, says: “Geoffrey is one of the most respected managers in Hong Kong, with a strong track record. City Financial has long since recognised the potential of hedge fund managers based in Hong Kong and I look forward to working closely with Geoffrey to establish a strong presence for the group in this region.”

Geoffrey Barker says: "I am looking forward to being part of the City Financial team who share my investment values. With the help of my colleagues, I will do my best to protect investors' money while capitalizing on the opportunities that this diverse region offers."

City Financial has been active in Asia since 2010 from which time it has managed assets on behalf of UK institutional investors.

City Financial Investment Company (Hong Kong) Limited is a wholly owned subsidiary of City Financial Investment Company Limited.

The joint venture forms part of City Financial’s strategy to attract fund managers who are enabled and empowered to exploit opportunities in the capital markets, in order to capture real returns that both protect and grow investors’ wealth.

*Source: Bloomberg

Press release

City Financial is a growing London-based independent fund manager with experienced teams investing across a range of strategies for retail and institutional clients. www.cityfinancial.co.uk

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1