Flowering Tree Investment Management’s Asian Equity assets skyrocket
|March 22nd, 2010||
|Singapore-based Flowering Tree Investment Management Pte’s Asian equities hedge fund has grown from $12.5 million to more than $70 million since it launched last May according to founder Rajesh Sachdeva. Mr. Sachdeva, who previously co-founded New York-based Sansar Capital Management LLC, stated that the fund made gains this January and February while Asia-focused long-short equity funds lost 2.3% overall. |
In a recent Bloomberg article, Mr. Sachdeva stated that he believes that the Asian stock market will post returns between the mid teens and low 20s this year, correlating with earnings growth in the area. Mr. Sachdeva, who visits regional companies twice a month, told Bloomberg that Flowering Tree likes defensive growth businesses with predictable earnings. He commented that the hedge fund’s optimal size is between $300 million and $1 billion, but the firm will break even when assets hit between $100 and $150 million. Flowering Tree’s team of twelve includes six investment professionals.
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