Contrary to what some people may have heard, Julian Robertson does not back Kelusa Capital China. In fact, the fund is looking for backers in order to expand after pulling in over 7% in September reports Bloomberg.
Robert McCreary Brings a Wealth of Experience to Advising Kelusa Capital China
Kelusa Capital China currently has assets valued around $55 million and is looking to increase that volume five-fold, bringing the fund to $250 million. Robert McCreary, the founder of New York-based Kelusa Capital Group, is advising. Robert McCreary is one of the infamous tiger cubs. For five years (1991-1995), he managed Asian investments at Tiger Management LLC. After leaving Tiger, McCreary founded Banyan Fund Management, which he closed in 2004. Then, he started Kelusa Capital. Kenton Leo worked for McCreary at Banyan and later Kelusa, before becoming the founding partner of Kelusa Capital China. He now manages that fund and “oversees Kelusa Capital Master Fund’s investments in Chinese stocks.”
Kenton Leo on Kelusa Capital China’s Strategy
Kenton Leo explains that Kelusa Capital China will focus on “preserving capital and [will] subsequently invest when the market panic subsides over the next 18 to 24 months.” He says, “Panic creates opportunities,” that people tend to sell assets down indiscriminately, pushing many quality stocks to all-time low valuations. In other words, he is focusing on value rather than events. Leo explains, “We’re very focused on thinking about picking companies that will underperform and outperform the market, and constructing a portfolio where company fundamentals drive the fund performance, rather than big macro events.”