HONG KONG, April 2 Segantii Asia-Pacific Equity
Multi-Strategy Fund has more than doubled assets since mid-2011
to $550 million, defying a tough capital-raising environment and
net outflows from Asian hedge funds during the period.
The growth was powered by 41 percent gain in the fund run by
Hong Kong-based Segantii Capital Management, one of the best by
a hedge fund in the region last year, when peers as measured by
the Eurekahedge Asia index lost an average 8.4 percent.
The fund, launched in 2007 by former head of Asian equity
trading for HSBC Securities Simon Sadler, was down 2 percent in
the first two month of 2012, according to an investor newsletter
seen by Reuters. It recovered in March to bring the year-to-date
gain to about 0.3 percent.
Segantii, which breaks into a small group of hedge funds
managing more than $500 million in the region, is expanding its
team to 20 people from 16 now and has hired former Credit Suisse
executive Kirtes Bharti as head of financing.
Segantii Chief Executive Kurt Ersoy confirmed the
year-to-date gains, the fund gathering $550 million and
appointment of Bharti.
Ersoy, who earlier worked for Credit Suisse, declined to
comment further, citing company policy.
(Reporting by Nishant Kumar; Editing by Chris Lewis)