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Markets 29/10/2008 Ansher Holding’s equity long/short hedge fund is up 13% YTD - report
Ansher Holding
Alternative investor Ansher Holding Limited, which is focused on investments in Central Asia and the Caucasus, has reported their equity long/short hedge fund is up 13% YTD, HedgeCO.Net reported.

Central Asia and the Caucasus region have emerged as one of the world’s fastest growing regions and has shown notable development potential,” says Pascal Buschor, Executive Director and member of the investment committee, “The region is rich in oil, gas, cotton and gold with reasonable infrastructure and human capital and a strategic location between Asia and Europe. The diversified economies of most Central Asian countries show also very attractive valuations in the banking, insurance, food processing and telecommunication sectors.”

Anshers 2 hedge funds have a rather narrow regional focus to invest across Central Asian and the Caucasus’ equity and property markets, the Ansher Regional Property Fund (ARPF) and Ansher Regional Equity Fund (AREF). The funds have shown strong performance since launch, in 2006 showing a positive return of +34.2%, 2007: +33.1%, 2008: +13%, for the equity fund, and +8.6%, for the newly launched real estate fund.

With a low correlation to main markets and strong links in the area, including political, the investment objective of AREF is to take advantage of high yield and relatively undervalued assets in fast-growing industries such as oil & gas, mining, energy, financial institutions, and consumer goods sectors in order to achieve long term capital appreciation primarily through an actively managed portfolio of securities and assets in the Region.

Endowed with world class natural resources, the Region is experiencing strong economic growth and attracting billions of dollars in foreign investments, Ansher says in its monthly report, expecting also to benefit from great deal of spill over effect of oil & gas and mining industries on other sectors of the economy.

Ansher Fund Management is the asset management arm of Ansher Holding Limited. Founded 1998, the company has managed number of successful funds dedicated to emerging markets of the CIS as well as Turkey and Mongolia. Ansher FM has managed three different funds with consolidated AUM of US$80 million with mandates of investing in the equity markets, property markets and private equity opportunities.

This exceptional performance is attributable to being the only regional focused family of funds with physical presence of the team in the region Tashkent (Uzbekistan), Almaty (Kazakhstan), Dubai (UAE), Zurich (Switzerland). The team of Ansher FM consists of 10 investment professionals as well as 4 back office employees to cover the region.

Domiciled in the Cayman Islands, Ansher has a 2% management fee, a 20% performance fee with a 8% hurdle rate and a minimum investment of US$100.000.

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