CAI’s strong returns show how multi-strategy can work in Asia
Tue Mar 15, 2011
Never one to rest on his laurels, Eddie Tam is already planning to take his organically grown Asia Focused Multi-Strategy Fund to the $500m mark by proving its worth in regional markets
When Eddie Tam co-founded Central Asset Investments in April 2005 and launched CAI’s Asia Focused Multi-Strategy Fund a few months later, there were plenty of sceptics who didn’t share Tam’s hunch that multi-strategy was the way to deliver sustainable attractive returns from the Asian markets.
However, those who did subscribe to Tam’s idea, and to the fund, have seen their assets grow 342% in five years. Even taking into account the events of 2008, by January this year the fund was 60% above its 2007 high watermark, and assets under management were fast approaching $250 million.
“We’ve grown very much organically, we’ve never been big asset gatherers,” says Tam. “Because of our good performance we’ve attracted capital from like-minded long-term investors. The fact that we’ve built good performance is not a fluke. A lot of outside investors didn’t believe that multi-strategy was the...
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