Sinfonietta fund targets $500 million


David Baran
The Sinfonietta pan-Asia macro fund has recently been opened to outside investors with its sponsor, Symphony Financial Partners, looking to grow it to a $500-$700 million size. Symphony originally planned to market the fund to a broad range of institutions early this year, but held back from doing so in the aftermath of Japan’s Tohoku quake and tsunami disasters.

Sinfonietta, seeded with $20 million in capital, delivered an impressive 27% return in the 12 months to 1 October despite extremely difficult market conditions in the region. Its relative outperformance was achieved despite an