Hedge Funds

Doric sees rapid surge in assets


Following a restructuring last year, Hong Kong-based Doric Capital is seeing resurgent interest in its funds, with assets in its Doric Focus Fund revving up to $70 million and about $20 million in its Doric Asia-Pacific Small Cap Fund.

Given firm commitments, the firm's total assets have crossed $100 million compared to about $30 million at the time of restructuring in January 2009. Performance has been strong too, with the Doric Focus Fund returning a solid 29% and the Doric Asia-Pacific Small Cap Fund 76% in 2009 and both funds are now well above their respective high water