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If successful, it will be the biggest dollar buyout pool raised by the firm, which started in 2005 with $20 million from Yale University’s endowment.
An estimated 37 Asia-focused hedge funds started in 2017, the least since Eurekahedge started tracking data in 2000.
This comes at a time when funds betting on rising and falling stocks in Asia have gained more than 12 percent this year.
Assets managed by wealthy clans in the region have grown to more than $17 trillion.
Initial capital has been pledged by institutions including HS Group, a HK-based strategic investor.
BlueCrest opened the office in 2014 to house the Asian stock team.
OCP Asia raised $200 million for a fund that will lend directly to small- and medium-sized companies as banks have pulled back on loans they deem risky. OCP’s private equity-like fund, Landmark II, completed fundraising earlier this year to bring the amount of assets the firm managed to $1.3 billion… Read more »
CIC, which is based in Beijing, had a 3 percent loss on its overseas investments last year, the first decline in four years, as commodity prices sank, while stock and bond returns were damped by negative interest rates and the strong U.S. dollar.
Blue Pool Capital, which invests billions of dollars for wealthy clients including two top Alibaba Group Holding Ltd. executives, is in advanced talks to back a new hedge fund that’s being planned by a former Asia head of Balyasny Asset Management, according to people with knowledge of the matter. Avinash… Read more »
David Ma, a former partner of Yale University endowment-backed Hillhouse Capital Management, plans to start his own Hong Kong-based fund that will invest in public and private equity, said a person with knowledge of the matter. Ma’s Composite Capital Management (HK) won regulatory approval in mid-June, according to information posted… Read more »