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Asian Hedge Funds Grow Thanks to ‘Good Governance’
According to Andrew Gordon, head of alternative investment services at BNY Mellon, Asian hedge funds are growing as they work to attract institutional money. In fact, the average size of a fund launch in Asia last year was around $40 million, the same as Europe. “Mid-sized funds did very well in Asia,” Gordon said. He [...]
Stanley Ku Launches New Asian Hedge Fund
Stanley Ku, former Hong Kong head for Fortress Investment Group, is launching his second attempt in the Asian hedge fund industry by opening Complus Asset Management. His last firm, Minerva Capital Management, shut down last year. Financial conditions are improving in the region following the earthquake, tsunami and nuclear crisis, and Ku is one of [...]
RICE Seeks Additional Donation Pledges
Returns Invested in Children and Education, or RICE, is a philanthropic organization established by the Asian hedge fund industry in 2006. The charity collects money in support of minors, including children growing up in India’s brothels. RICE’s chief of fundraising Paul Smith explained that the organization is hoping to lengthen its list of fund sources, [...]
Azentus Capital to Manage $1.8 Billion By Next Month
Azentus Capital Management, the hedge fund managed by a former executive of Goldman Sachs, is said to be well on its way to managing $1.8 billion by the beginning of next month. The Hong Kong-based firm began its trading only on April 1st, following an initial collection of $1.06 billion. Currently, Azentus manages $1.4 billion, [...]
Fortress Asia Reports Increase in March
Daniel Mudd’s Fortress Investment Group LLC recently announced that its Asian macro hedge fund increased 3.5% in March despite the earthquake and tsunami in Japan, and the uprisings in the Middle East. The firm explained that it launched the Fortress Asia Macro Fund on March 1st; just at the start of the month that led [...]