(Corrects business name makes clear in headline and lead paragraph that the funds could launch with $ 160 million removes reference to domicile makes clear Kairos IM is part-owned by Julius Baer removes reference to funds taking outdoors capital corrects source attribution)
* Japanese asset manager may seed a single fund with $ 100 mln
* Loved ones offices could seed two additional funds
* Comes amid market outflows from fund of funds
LONDON, Dec 9 Kairos Investment Management is gearing up to launch 3 funds with potentially more than $ 160 million in assets by year-end, bucking the trend in an industry that continues to see rivals close.
Kairos, element-owned by Swiss bank Julius Baer, is setting the funds up with initial investment from 3 separate customers, a organization representative told Reuters.
One particular fund could launch with $ 100 million in capital from an unnamed Japanese asset management organization, although two extra funds might also launch with beginning capital of $ 30 million each and every from undisclosed household offices, he stated.
The fund launches would assist take Kairos’ total assets invested in related funds to $ 2.six billion and firm-wide assets to $ 9 billion.
The demand to open new funds of hedge fund investments comes as Kairos’ flagship Kairos Multi-Strategy Ltd fund has returned 8 percent after costs in the year to the end of November, to take its 3-year efficiency to 30 percent.
That stands in contrast to the fortunes of other people in the market, with $ 5.2 billion yanked market-wide in the 1st half of 2015 – a trend that forced Liongate Capital Management to shut down in October.
“If one particular looks at the industry, the cause that the industry has not in fact completed effectively is … simply because of the efficiency,” he stated.
“If you do have the numbers, then I consider people are satisfied to deploy income and start off a fund and commit capital to this approach, so I am quite optimistic in this sense.” (Reporting by Maiya Keidan Editing by Simon Jessop/Mark Heinrich)