Mar
29
Hedge Fund Triada Is Rare Outlier, Gaining as Peers Stumble
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Triada Capital’s long-short Asia credit fund up 4.5% YTD
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Women-led investment team may launch second credit fund
Hedge funds in Asia are off to their worst start on record amid a tumultuous year for equity markets, but there are some outliers.
Triada Capital, a Hong Kong-based firm whose founders include an all-female credit investment team from CQS Management, posted gains of 4.5 percent in its credit long-short hedge fund so far this year, according to a letter to investors. The fund, Triada Asia Credit Opportunities, which began trading in June and employs an event-driven strategy, gained 2.2 percent in February and 2.3 percent in January, according to the letter…