Adept Capital Partners’ Early Stage Asia Fund recorded a 14.9 per cent increase in value in 2009 with a sharpe ratio of 2.08 for the year.
This makes it a top quartile performer in Asian fund of hedge funds over its two year life to date, according to the EurekaHedge Asian fund of funds database.
The fund’s two year performance ranked 11th out of the 57 funds in its peer group with outperformance versus the MSCI Asia Pacific index of 21.2 per cent in the same period.
The Early Stage Asia Fund invests in Asian focused hedge funds which have been operating for less than three years. At the close of 2009, the fund had investments in 14 underlying funds that between them invest in a range of liquid absolute return strategies including long/short equity, event driven, relative value and market neutral, as well as macro and fixed income strategies. The 14 funds invest in a variety of countries across Asia including Japan.
Adept Capital’s chief investment officer Tony Smith says: “Our two year track record clearly demonstrates that astute and stringently researched investments in early stage absolute return funds deliver superior returns. Properly diversified and allocated, early stage investing can be less risky and volatile than absolute return strategies, with the potential for greater upside and risk adjusted performance.”
