Asia Frontier Capital Newsletter – Country Snapshot: Vietnam

Since the introduction of market reforms that opened up the country to foreign investment in the late 1980s, Vietnam has become one of the fastest-growing economies in the world, averaging annual GDP growth rates of 7-8% throughout the nineties. Agribusiness production has nearly doubled over the past two decades, transforming Vietnam into one of the… Continue Reading

Duet Group To Launch Emerging European UCITS Fund With Two Former Armajaro Execs

Alternative asset manager Duet Group is launching a new emerging European UCITS fund this month and has recruited two former Armajaro Asset Management executives to run it. Michel Danechi and Kalim Aziz are joining Duet as fund manager and research analyst, respectively, on the Duet Emerging European European Fund. The new vehicle is expected later… Continue Reading

Verde: Foreign Investors Overly Optimistic on Brazil's Economy

In a monthly letter to clients, Brazil’s largest hedge fund, Verde Asset Management, said that foreign investors’ were overly optimistic about its home nation’s economy. Saying that foreign investors’ had “exagerated optimism,” the firm said that the sentiment was “disconnected from medium-term reality.” The fund said cautioned investors about the nation’s financial outlook, and said… Continue Reading

Asian Hedge Fund Assets Hit Record, Top $177 Billion

Assets under management at Asian hedge funds reached a record $177 billion in May, according to new data from Eurekahedge. The tally exceeds the $176 billion managed by funds with an Asia mandate in December 2007, immediately prior the global financial crisis, noted Eurekahedge’s Alexander Mearns in an interview with Bloomberg. The news comes as… Continue Reading

GUEST COMMENT: By the Numbers – China’s Massive Economic Potential

By Michael Johnston. The incredible economic potential of China, with its massive population and surging middle class, can be difficult for U.S. investors to truly appreciate. Most investors are well aware of China’s growing importance to the global economy. Even those without a sophisticated understanding of financial markets generally know that China is a world power, home… Continue Reading

Oceanwood Raises $250M Fund For Bets on European Economic Recovery

Oceanwood Capital Management has raised $250 million in a new hedge fund to capitalize on economic recovery in Europe. Oceanwood has raised the capital from existing investors and plans to have a $350 million final close for the fund in September, according to a Reuters report. The new fund, named Oceanwood Peripheral European Select Opportunities… Continue Reading

Torbjorn Caesar Takes Helm At EM Fund Actis Capital

Torbjorn Caesar has been elected senior partner at emerging markets investment manager Actis Capital. Caesar assumed his new role effective yesterday, according to media reports. He succeeds Paul Fletcher, who has become non-executive chairman of the company. “I would like to thank Paul for the tremendous leadership he has provided to Actis over the past… Continue Reading

Asia Frontier Capital Newsletter – Country Report: Cambodia

After decades of political mismanagement and civil war, Cambodia has recently begun to capitalize on its economic potential. Since adopting free-market economic policies in the 1990’s and increasing its integration within the international community, Cambodia’s economy has flourished. From 1998 to 2007, Cambodia’s GDP growth ranked sixth in the world (9.8%) and fastest in the… Continue Reading

Russian hedge funds surge on oil, rouble gains

Emerging markets hedge funds have benefited from the strong recovery of the Russian Rouble, higher oil prices, lowering of interest rates by the Chinese Central Bank, and a surge in trading volume on the Shanghai-Hong Kong Stock Connect program.  As a result of these, hedge funds investing in Russia and China posted strong gains in… Continue Reading

Pelham Capital's Martin Starting New Long/Short Fund

Daniel Martin is planning to launch a new long/short hedge fund based in London. The new effort, named Rye Bay Capital, will take long and short positions in a number of instruments across a variety of industries, according to a Bloomberg report. The new fund will reportedly launch in the fourth quarter of this year.… Continue Reading

Wong to Launch Long/Short Asian Equity Fund

Former TPG-Axon partner Wesley Wong is prepping an Asian-themed long/short equity fund for a third-quarter 2015 launch. Wong’s Oxbow Capital Management (HK) is reportedly in advanced discussions with Reservoir Capital Management regarding a $150 million stake, according to a Bloomberg report citing unnamed sources. It would be Reservoir’s first seed investment in an Asian-based startup,… Continue Reading

GSAM Launches Global Long/Short Equity UCITS Sub-Fund

Goldman Sachs Asset Management is offering a new high-conviction global equity portfolio to European clients. Managed by the company’s Goldman Sachs Investment Strategies team (GSIS), the Global Equity Long Short Portfolio is based on a fundamental, bottom-up approach and structured as a new sub-fund of the firm’s UCITS-compliant, Luxembourg-domiciled Goldman Sachs Funds SICAV, according to… Continue Reading

Jupiter Launches Asian Income Strategy With New Hire

Jupiter Asset Management has hired Jason Pidcock to build an Asian income strategy for the investment firm. Pidcock joins Jupiter from Newton Investment Management, where he is manager of the £4.4 billion Newton Asian Income Fund. He will aid Jupiter in the launch and management of a similar strategy. The appointment will help Jupiter expand… Continue Reading

Carlyle Raises €565M For Third European Technology Buyout Fund

Global alternative investments powerhouse Carlyle Group has closed on its third European technology and media buyout fund, raising €656 million. It is the company’s largest such fund to date. The fund, named Carlyle Europe Technology Partners III, shows the global appetite for tech and media companies in the region. It began raising money a year… Continue Reading

Rokos Capital Hires Former Brevan Partner Borislav Vladimirov

Former Brevan Howard co-founder Chris Rokos has hired Borislav Vladimirov to help build a new hedge fund, Rokos Capital Management. The new fund is expected to become one of the largest European launches since the financial crisis. Vladimirov, a former partner at Brevan Howard, started working with Rokos last month. According to Bloomberg, he will… Continue Reading

Hedge funds climb in April as Chinese, EM equities surge

Hedge funds posted gains in April as regional equity and currency markets across China, Russia, Brazil and the Middle East posted sharp gains. Volume surged on the Shanghai/Hong Kong Connect program to a daily record driving Chinese A-shares to a gain of over 18 per cent for the month. The HFRI Fund Weighted Composite Index®… Continue Reading

Duet appoints Fugmann and Lees as co-CIOs of natural resources long/short equity fund

Duet Group, a USD5.5 billion global alternative asset manager, has appointed Ulrik Fugmann and Edward Lees has senior managing directors and Co-Chief Investment Officers of Duet Natural Resources.  Fugmann and Lees, the founders of North Shore Partners, are integrating their strategy and business into Duet, adding to the group’s strong commodities and emerging market franchise.… Continue Reading

Asia Frontier Capital Newsletter – Country Report: Saudi Arabia

This month’s country report profiles the Kingdom of Saudi Arabia (KSA). While Asia Frontier Capital does not currently invest in Saudi Arabia, we are always evaluating frontier markets that may possibly hold investment potential. For example, Nepal and Bhutan are both in our fund’s investment universe, although we cannot currently invest in either country. Iran… Continue Reading

Head of EMEA Business Development – Asset Manager – London

Our client is a well-established institutional investment management firm ($10bn+ in AUM) specializing in fixed income and currency risk management. They are looking to add a Director of Business Development to their London office. This exciting and newly created role will support the firm’s growth and expansion in the EMEA region. Reporting to the Global… Continue Reading

SkyBridge Capital Opens Office In Seoul

SkyBridge Capital, a global alternative investment firm with approximately $13 billion in assets under management and advisement, has opened an office in Seoul, South Korea. Michelle Cha, who has more than 10 years of industry experience including roles in sales, marketing, global investment and research from various financial institutions, has joined as a vice president… Continue Reading