Janchor Partners fund fares well in difficult year
John Ho’s Hong Kong-based Janchor Partners Pan Asian Fund generated an estimated 8.7 per cent in 2011 reported Bloomberg this week. Impressive when you consider that 2011 was the second-worst year for global hedge funds: the HFRI Fund Weighted Composite Index was down 4.6 per cent. Although a relatively new fund – it launched in January 2010 – Ho has overseen returns of 47 per cent since inception according to a preliminary performance update sent to investors. Janchor Partners has certainly been savvy in terms of the undervalued Asian equities and short positions it has built into its portfolio: the average Pan Asia equity l/s hedge fund fell over 10 per cent in 2011. The fund has an AUM north of USD1billion and unusually for most funds launched post ’08, has a capital lock-up of three years. Quite simply, the fund doesn’t focus “on any one-year return” said Ho.
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