PMA Investment Advisors Limited (PMA), one of Asia’s leading hedge fund managers, has announced today the results for its Temple and Harvester Funds.
The Harvester Fund, PMA’s flagship macro fund that focuses on FX & Rates, has to date delivered annualized returns of over 20%, uncorrelated to market movements. In August alone, the fund was up 4.46%, bringing its year-to-date return to 13.67%. Shin Hong Liu, FX & Rates Chief Investment Officer (CIO), attributes this success to extensive on-the-ground knowledge and understanding of the markets in Asia, saying, “We like to focus on asymmetric payoff trade opportunities, and remain conscious of risk in our macro environment.”
PMA’s credit strategies are also in p...................Source:
http://www.opalesque.com/AMB2008/46926Hong_PMA_returns_YTD_numbers.html
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