Hedge Funds

Riley Paterson bucks the trend


As demonstrated by his success in steering Riley Paterson Investment Management through the carnage of Asian long/short equity last year, founder Daren Riley is a tough taskmaster

While many Asia ex-Japan long/short equity funds have gone into the new year reeling from the carnage of 2008's performance, the team behind the Riley Paterson Asian Opportunities Fund can look back on gains of 20.69%, which took performance to just over 30% from inception in June 2007 to the end of February 2009. But Daren Riley, co-founder of Singapore-based Riley Paterson Investment Management, also sees the opportunities the fund missed.