Hong Kong-based Segantii Capital has doubled assets to $50 million over the past year, despite tough market conditions. Its Asian multi-strategy fund clocked a solid 23.77% in 2008 with a standard deviation of 5.8%, with all three underlying strategies - relative value, opportunistic events and catalyst-driven equity long/short - making money.
The best performing strategy was relative value, given the high level of dislocation in the markets last year, but even the equity long/short strategy ended in positive territory. The fund's only down month was September 2008, at -0.8%.
Segantii, which was launched by Simon Sadler and Chuak Chan