Singapore-based Swiss-Asia Financial Services has launched a third fund to invest in Asia. The firm in July debuted the Swiss-Asia Jubali Khan Fund, a multi-strategy fund of funds, which invests in Asian hedge funds with minimal directional exposures.
Swiss-Asia currently manages the Swiss-Asia Genghis Hedge Fund, which runs a diversified portfolio consisting of between 20 to 30 positions in Asia Pacific Basin ex-Japan hedge funds. It also runs the Swiss-Asia Mashriq Fund, which is a long equity strategy investing in Shariah compliant Asian companies.
The Jubali Khan fund charges a 1.5% management fee and a 10% incentive fee. Asian hedge funds, already hurt by market volatility and newly introduced short-selling restrictions, are getting hit by a sharp uptick in redemptions. Most of them are either downsizing their operations or shutting their offices in the region.
