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August 03, 2005
Qi Capital launches pan-Asian Macro Fund
Qi Capital launched its Asian Macro Fund recently. It currently has $17 million assets under management which has essentially come from fund partners, friends and close associates. Terence Khoo is the CIO and co-founder of Qi Capital, a newly established Hong Kong-based hedge fund. He mentioned that he expects $10 million more from large fund of hedge funds shortly. Khoo has worked with reputed Asian hedge fund - Sofaer Capital and asset management company - Kerry Asset Management. Commenting on the portfolio spread, Koo said that Qi's pan-Asian fund invests in equities, foreign currencies, fixed income securities and commodities. He added however that individual stock picks and that equity long/short will comprise a major part of the fund. He also said that the flexibility to invest in multiple asset classes is necessary to ensure better returns and it also helps to manage risk better. Financeasia.com reports:
“Khoo describes Qi's pan-Asian fund as a macro strategy that invests in equities, foreign currencies, fixed income securities and commodities. However, he notes that the fund will make individual stock picks and that equity long/short will make up the largest component of the fund in most circumstances.”
Read More: Old Asia hands team up for hedge fund
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