February 2008 | Financial Standard
Adept Capital launches Asian FOHFs

By Michael Hobbs

Adept Capital Partners Advisers has developed the Early Stage Asia Fund, which allows investors to access to the initial high growth potential of developing Asian hedge funds.

The fund targets an annualised return between 15 to 20 per cent from no more than 20 Asian focused hedge funds. The fund is capped at $164 million and is only available to professional investors.

Each hedge fund’s assets under management must not exceed $274 million and cannot have more than a three-year track record.

Adept Capital Partners Advisers adopts a specialised screen to reduce volatility across all underlying managers.

Eleni Istavridis, chief executive at Adept Capital Partners Advisers, said the firm’s research found hedge funds in their early stages significantly outperformed those that are established.

“Asian markets are increasingly attractive for investors seeking absolute returns with growing liquidity and sophistication. Yet they are still relatively immature and present good opportunities for absolute investment strategies,” Istavridis said.

“Our fund offers the best of both worlds – access to dynamic young managers and to Asia, the world’s most compelling growth story.”

Tony Smith, chief investment officer at Adept Capital Partners Advisers, and an eight-person team manage the Early Stage Asia Fund.

“[Early stage managers] focus more on performance than growing assets and they tend to have fresh ideas. These are also by nature the smaller funds, they can selectively invest in the best opportunities and execute in a nimble and anonymous way,” Smith said.

Adept Capital Partners is an independent investment advisory which focuses on absolute return funds.

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