Launches & Closures

Sydney-based KIS launching offshore version of long/short fund


Australia-based KIS Capital Partners is looking to launch in July an offshore version of its flagship long/short fund focused on Asia equities with a dominant exposure to Australian equities.

The $20 million onshore KIS Asia Long Short Fund, previously known as the KIS Global Multi-Strategy Fund, delivered a 12.6% return last year. To the end of April this year it had gained a further 4.47% in Australian dollar terms and was up a further 1% in May. In 2010, it posted a 25.66% return.

The Cayman-registered vehicle hopes to raise $10 million from outside investors, according to