City Financial, the British independent fund manager, has unveiled a new Asian hedge fund which has more than $120m in assets.
Dubbed as the Counterpoint Asian Macro Fund, the fund seeks to achieve annual double-digit returns over the course of a period of five to seven years, with low leverage and ready liquidity.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund is a discretionary macro strategy concentrated on investment opportunities backed by the markets and economies of Asia-Pacific region.
Geoffrey Barker with City Financial Investment Company (Hong Kong) will manage the new hedge fund, according to the company.
Barker was quoted by Reuters as saying, "Volatility in Asian markets has presented lots of opportunities for a fund like ours. Investors can still capitalize on the region’s growth and seek double-digit returns through the fund."
"Most other Asian macro funds with a long-standing track record and team are closed to new capital, so capital raising success in part represents investor demand for an uncorrelated strategy with relatively few available managers."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
