KGR Capital’s European Office gains authorisation from the F.S.A. in London

HedgeCo.net ( New York ) – – KGR Capital is pleased to announce the authorisation, in early July, of KGR Capital (Europe) Ltd by the U.K. Financial Services Authority. KGR Capital launched its first specialist Asian fund of funds, the KGR Capital Asia Pacific Absolute Return Fund, in August 2003.  Since then it has given initial investors a 9.2% annualized return in US dollars, with a volatility of 4.84%.  Last November, KGR Absolute Return PCC Ltd, a Guernsey-domiciled, closed end company was listed on the London Stock Exchange. It targets a somewhat higher return with a commensurate level of risk and is hedged into sterling.

Mark White, formerly international institutional head for JPMorgan Fleming and now Chief Executive of KGR Capital (Europe) Ltd., said “this authorisation will enable us to provide better and more responsive support to our growing number of European based institutional investors. We now have two Cayman based funds for international clients and a listed vehicle, appropriate for U.K. taxpayers. We are seeing increasing levels of interest from investors who wish to moderate their risks while investing in the vibrant economies of the Asia Pacific region, through the application of our established research and risk management expertise.”

Funds under advice by the firm have more than doubled over the last year and currently amount to approximately $340m. In response to this, the firm has been adding additional headcount in investor relations, fund research, accounting, operations and IT. The total now stands at 14: 8 in Hong Kong and 6 in London.

KGR Capital is one of the leading specialists in Asian hedge funds, and is headquartered in Hong Kong.  The company was formed in 2002 by John Knox, Nick George and Christopher Rampton, allof whom had worked together for many years in Asia in senior roles at Jardine Fleming and JPMorgan. KGR Capital (Hong Kong) Ltd remains regulated as an Investment Adviser by the Hong Kong Securitiesand Futures Commission. For further information, please contact Mark White in London on +44 20 7823 2900 or John Knox in Hong Kong on +852 2843 6888 or through their respective email addresses:[email protected] and [email protected].