Australian hedge fund firm LHC Capital is looking double its assets after experiencing a phenomenal year.
Bloomberg reported that LHC, which returned 33% this year, is seeking to raise about $4.6 million to $9.3 million from family offices. The firm gained from bets on health-food maker Freedom Foods Group and specialist drugs developer Mayne Pharma Group.
LHC chief investment officer Stephen Aboud told the publication that the firm’s “very good year” is its “opportunity to grow.”
LHC is the best-performing hedge fund in Australia among firms with more than $47 million in assets.