persistent-edge-offers-hedge-fund-expertise-to-cic

Persistent Edge offers hedge fund expertise to CIC

All of Persistent EdgeÆs funds are up in 2008. Now the funds of funds house is setting its sights on helping China Investment Corporation manage its money.

By Simon Osborne

December 17, 2008

Persistent Edge has been AsiaÆs most successful fund of hedge funds provider in the past three years. During the good times, they outperformed the rest of the funds of funds market by a considerable margin, and now, remarkably, in the downward cycle they have succeeded in preserving capital at a time when global funds of hedge funds are down nearly 20% on-average.

Now, it are setting its sights on helping China Investment Corporation CIC manage its money. CIC has not had a good year with its cross-border investments û and thatÆs putting it mildly. ItÆs the fact that they have passed the acid test of 2008 that is now prompting Persistent Edge to think laterally...

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