PMA records USD150m net inflow in June

PMA Capital Management, an Asia hedge fund manager, received a net inflow of USD150m into new and existing investment strategies in June, including its flagship macro fund focusing on FX a

PMA Capital Management, an Asia hedge fund manager, received a net inflow of USD150m into new and existing investment strategies in June, including its flagship macro fund focusing on FX and rates, the Harvester Fund.
 
PMA’s chief executive Farhat Malik says: ‘We are very proud of the results that we have achieved for our investors to date, and take the inflows that we have attracted in this extremely challenging economic environment as the strongest and most rewarding endorsement of the value that we are able to deliver to our investors. We will work hard with these new funds, as we do with all funds under our management, to generate positive returns for our investors while maintaining our long-standing focus on operational excellence, total transparency, and vigilant risk management.’
 
PMA’s platform continues to fare well in 2009, with the Harvester Fund reporting positive results again in June, and the group recently receiving its license from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre. The new PMA Middle East office will focus on providing clients with investment advisory services in the region.    
  
PMA manages assets on behalf of global institutional investors by providing them access to three core alternative investment strategies – equity long/short, credit and Asian FX and rates.