Asian hedge fund closes

Wharton Asset management closes its flagship Asian equity-linked fund.

In a possible sign of the coming shakeout in the hedge fund industry, the Wharton Asian Equity-Linked Fund closed late last week. In 2002 the fund experienced poor performance of -15%. Vanessa Gibson, managing director of Wharton Asset Management says that the fund closed with over $50 million.

That is substantially down from its peak in 2001 when it stood at $235 million.

The fund was focused on convertible and risk arbitrage, and Gibson rose to prominence as one of the stars of the industry when the fund rocketed from very small beginnings in November 1997 to $235 million three years later. The respective departures of fund managers, Alistair Lloyd to...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222