Hedge fund manager PMA sees capacity at $4 billion

Tue Sep 9, 2008 10:07pm EDT
 
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HONG KONG (Reuters) - Hedge fund manager PMA has the capacity to manage as much as $4 billion without curtailing returns given current market opportunities in Asia, its chief executive said in an interview.

The Hong Kong-based firm, which now manages about $2.5 billion, has also seen significant inflows into its funds this year despite the downturn in Asian financial markets, PMA CEO Farhat Malik said.

"The way that the platform is structured at the moment, in terms of capacity, in terms of investment opportunities that we see in the marketplace, we can easily go from $2.5 billion to $4 billion, we feel without sacrificing performance," he told Reuters in an interview late on Tuesday.

"We've had significant inflows from institutional investors outside of Asia," he added.

PMA is a unit of SPARX Group Co Ltd (8739.Q), Japan's largest listed hedge fund manager.

(Reporting by Jeffrey Hodgson; editing by Jonathan Hopfner)