PanView Capital, the Hong Kong-based hedge fund firm founded by former Goldman Sachs Group Partner Ryan Thall, has stopped taking money from new investors after assets hit $1.1bn, according to a report by Bloomberg.
The report cites an unnamed source with knowledge of the matter as confirming that the Asian stock-focused fund is now only accepting new money to replace existing investors, after assets expanded nearly sevenfold from $160m in January 2020.
The firm’s PanView Asian Equity Fund has generated positive returns every year since its 2019 inception, chalking up a 21% gain last year followed by a further 9.8% in the first two months of this year, according to an investors’ letter seen by Bloomberg.
By comparison, Asian stock-focused hedge funds lost an annualised 6.5% on average between the end of 2020 and January 2024, while global equity peers managed a 0.8% gain, according to data from Eurekahedge.
