Arcus hit by Elpida exposure, but still up for the month

Fri Mar 9, 2012

Read more:




Three funds managed by London-based Arcus Investment, a Japan value specialist, are invested in shares of Elpida Holdings, the Tokyo-listed maker of computer memory chips, which declared bankruptcy last week.

Arcus Japan Long / Short Fund, a UCITS structure, had 1.6% of its assets exposed to the Japanese company based on the closing price of Elpida shares last month; in the Arcus Japan Fund the exposure was 1.5%; and at Arcus Zensen Fund, it was 1.3%.

According to the AsiaHedge database, the three fund structures run current assets of $25 to $50 million each.

The Arcus funds were all underwater last year, but posted strong gains in the first...

TAKE A FREE TRIAL

The full contents of this article are available to active AsiaHedge subscribers and trialists only.

To continue reading please,
take a free trial or subscribe to AsiaHedge.

Subscribe

Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now