Baring Asia Hedge Select Fund Returns 18.61% In First Six Months

by Carla Johnson, Investors Offshore.com

05 December 2003

Baring Asset Management announced this week that its Asia Hedge Select Fund has performed well since its inception in May, achieving returns of 18.61%.

The Cayman-based fund has achieved positive returns for all of its first six months. It aims to reduce volatility by making use of a number of investment strategies, although the Hedge Select Fund primarily invests in long-short equity Asia-Pacific hedge funds.

Commenting on the fund's success over the past six months, head of the alternative investment committee at Baring Asset Management, Tom Maier explained that:

"We believe that Asia, including Japan, still offers some of the most attractive, but often mispriced investment opportunities in the world. This is fertile ground for hedge fund managers to exploit a variety of strategies.”

He added: “The first phase of the Asian bull market may be over, but the long-term investment case remains compelling. Although it is too early to predict a boom in Asia, there is a chance one could begin to emerge from the middle of next year.”

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