A former director at Ballingal Investment Advisors is planning to launch a new Asian macro hedge fund in March.
London-based independent fund manager City Financial Investment announced in a statement that Geoff Barker’s Counterpoint Asian Macro Fund will be managed through the firm. The new fund will trade equity index futures, currencies, government bonds and commodities.
Called “one of the most respected managers in Hong Kong, with a track record” by City Financial CEO Andrew Williams, Barker worked at BIA for seven years where the firm’s macro fund has an average annualized return of about 14.1%.
Barker is the latest hedge fund manager in the region to join what are known as “platforms,” which help managers cut on down start-up costs such as accounting, information technology, legal and compliance in exchange for a share of Counterpoint’s fee revenue.
Founded by Rob Hain and Andrew Williams, City Financial-backed managers have a combined total of about $1.3 billion in assets.