Artradis, Top Asia Hedge Fund in 2008, Looks to More Volatility

Bloomberg – Artradis Fund Management Pte., whose volatility funds posted the best returns among Asian hedge funds last year, is betting continued market swings will help them outperform again in 2009.

While volatility will decline to “more normal levels” from the records set in 2008, the funds will continue “to be able to take advantage of significant moves in markets,” said Julian Ings-Chambers, a managing director at Artradis, Singapore’s biggest hedge-fund firm.

The $2.4 billion Artradis AB2 Fund, managed by Stephen Diggle and Richard Magides, rose 35 percent last year, according to the firm. The $1.8 billion Artradis Barracuda Fund, which uses less borrowed money than the AB2, added 27 percent. The funds, which place wagers on price swings, had the highest returns among Asia-focused hedge funds that manage at least $500 million, according to Eurekahedge Pte., a Singapore-based data provider.

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