Jonathan Boyer, co-founder of one of Asia’s earliest hedge funds, is returning to the industry after a three-year hiatus.
He has joined Springboard Capital as a senior adviser and a director of its Greater China fund, helping steer business development and marketing efforts, the Hong Kong-based firm and its Chief Investment Officer Andy Li said in an e-mailed statement. Boyer, who is traveling in London, didn’t immediately reply to an e-mail sent to his Springboard address.
Boyer is returning as Asian hedge-fund assets hit a record $177 billion and a Chinese stock rally helped drive a regional hedge-fund index 11 percent higher this year through May, more than double the gain of a global gauge. Investors added $4 billion to hedge funds focused on the region in the first five months after they outperformed global peers in each of the last three years, according to Eurekahedge Pte, the Singapore-based data provider which compiles regional indexes.
Boyer, 52, founded Boyer Allan Investment Management with Nicholas Allan in 1998. The company, operating out of the U.K. and Hong Kong, oversaw $1.9 billion of assets at its peak, according to the Springboard statement.
Boyer left the industry in early 2012 after Boyer Allan decided to liquidate most of its funds, including the flagship Boyer Allan Pacific Fund which had lost money in the first 11 months of 2011. The move came as Asia-focused hedge funds reported losses in two of the four years to 2011 amid the global financial and European debt crises, and industry assets plummeted, according to Eurekahedge data.
He has been an investor in the Springboard Greater China Fund since it began trading with about $15 million in June 2012, said Li.
The fund returned 97 percent by May, or more than 25 percent on an annualized basis, according to data compiled by Bloomberg. Springboard picks stocks by first identifying broad investment themes, Li said in a telephone interview. It gained 23 percent this year through May.
Springboard’s Li joined Boyer Allan as a Greater China-focused fund manager in early 2011, according to a fund statement. The Springboard team is planning its first European marketing trip in July, Li said.