Singapore (11 January 2009) – 3 Degrees Asset Management (“3 Degrees” or “the Firm”) is pleased to announce that 3 Degrees Dynamic (“3DD” or “the Fund”) has ranked #1 in BarclayHedge’s Fund of Funds - Distressed Securities/Event-Driven category for November 2009. The ranking, which includes 38 hedge funds, is based on the Fund’s Net Return for the month. Since its inception, 3DD has ranked among the top 10 in this division on numerous occasions:
July 2009 – 3DD ranked #3 by BarclayHedge
September 2009 – 3DD ranked #8 by BarclayHedge
October 2009 – 3DD ranked #4 by BarclayHedge
About 3DD
3DD is a multi-strategy fund that aims to generate high absolute returns. The Fund invests in the Firm's best ideas, which includes investments in 3 Degrees managed funds, third-party funds, as well as direct investments in bonds, bank debt, equities, FX or other instruments. The portfolio is diversified geographically and across positions, although concentrated views may be taken from time to time.
3DD was seeded with the Firm’s capital. The Fund has a strong focus on Southeast Asia, where 3 Degrees believes inefficiencies are at their greatest.
3DD also invests, opportunistically, in external managers. The Firm uses its distressed debt expertise to acquire secondary market hedge fund and private equity fund interests at discounted valuations.
The Fund is managed by Moe Ibrahim.
About 3 Degrees
3 Degrees is a private, independent asset management firm. The firm specializes in the active management of private client accounts, credit strategies and corporate advisory, and restructuring.
For more information, please contact:
Moe Ibrahim
