Green light for Jadeite

Jadeite CapitalÆs Asia-Pacific Absolute Return Fund is a new pan-Asia equity long/short fund. Greg Jones runs the hedge fund. For 12 years until late 2006, he worked in New York at Clay Finlay, an institutional investment manager of global equities. The fundÆs NAV has risen 21.2% since establishment, and in the first three months of 2008, it has returned 3%. Target volatility is 10% but so far the fund has generally averaged around 8%.Jadeite operates with maximum gross positions of 3…