Performance

Saka credit fund grows to $300 million

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Significant inflows from investors recently raised the size of assets under management at Saka Capital to above $300 million.

The Saka Capital Liquid Credit Fund, a long/short credit fund launched in October 2009 with less than $50 million in capital, delivered a 2% return last year and over 3% year-to-date by the end of March.

The fund, which was started by Assan Din, a former Lehman Brothers credit trader, posted a 20% return in 2010.

It trades corporate bonds, convertible debt, credit indexes and derivatives across the region and targets an annual return of 15% with moderate leverage.