Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Hong Kong Firm is Shuttering

Aug 27, 2013
Jing Chen

Hong Kong-based hedge fund firm Expedition Advisors is liquidating its Asia volatility fund after experiencing losses.

Expedition chief investment officer Craig James told Bloomberg that the fund’s 14% drop since the firm’s inception in May 2012 was due to “a prolonged period of suppressed volatility combined with a low ’vol of vol’ environment created a very difficult backdrop for [Expedition’s] core strategy.”

It was not disclosed when investors will get back their money.

Backed by New York-based Protégé Partners, Expedition had about $50 million in assets when it launched last year.

 

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