NEW YORK & HONG KONG--(BUSINESS WIRE)-- Oracle Capital Limited, the Hong Kong-based, structured credit opportunities hedge fund today announced that in the first five months of the year its open-ended fund had generated a performance-leading 22.36% net return (+62.27% on an annualized basis).

Celebrating its first year anniversary, during which the fund has been consistently profitable, the firm is approaching $50 million in assets under management and will this month embark on a US investor roadshow.

Commenting on the results, Leon Hindle, the Chief Investment Officer of Oracle Capital Limited, said:

“This tremendous performance reflects the continuing opportunities in structured credit, where despite secondary trading volumes at all-time highs, significant dislocations continue to exist due to the diversity and complexity of the asset class.

“Our investment approach focuses on the identification of assets that are both cheap from a fundamental perspective but are also likely to benefit from market events or some other catalyst which will allow the fund to crystallize value.”

Fredric Teng, Chief Operating Officer of Oracle Capital Limited, added:

“Our investors benefit from Oracle being the only fund targeting this opportunity in the region, against a backdrop of a stricter capital environment for traditional market participants such as investment banks.”

Teng explained that to date, over 70% of the life to date performance of the fund has been realized through trading gains. The fund does not use leverage, and works closely with local market participants to provide exit and restructuring solutions to the Asian institutional and sub-institutional holder base.

The fund is seeking to raise US$200 million AUM, and currently includes Asian and US institutional money, together with family office and high net worth individuals in its investor base. Hindle says the opportunity set remains outstanding – well over US$100 billion of this paper made its way into Asia and much of it remains unresolved.

Notes to Editors:

• Founded in 2009, Oracle Capital Ltd. is a financial services company offering hedge fund management and financial advisory services to institutional clients.
• Based in Hong Kong, the firm is focused on fixed income products, particularly in the areas of credit, fixed income derivative and securitization markets.
• The firm is regulated by the Hong Kong Securities and Futures Commission in respect of its Asset Management and Advisory activities.
• Co-founders Leon Hindle and Fredric Teng were formerly senior executives in Lehman Brothers’ Asian Fixed Income division. Mr. Hindle was a Managing Director and headed Structured Credit & CDO Group for Asia Pacific region. Teng was Head of Bond Syndicate for Asia Pacific region.

CONTACT:

Oracle Capital Ltd
Fredric Teng, Chief Operating Officer
Tel: +852 3166 5900
Email: info@oraclecap.com
or
Mark Way
Corporate Communications
Tel: +44 7786 116991
www.oraclecap.com

KEYWORDS:   United States  Asia Pacific  North America  New York  Hong Kong

INDUSTRY KEYWORDS:   Professional Services  Banking  Finance  Other Professional Services

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