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
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