Tuesday, 21 October 2014
Last updated 2 hours ago
Mar 4 2010 | 6:52am ET
A pair of former Polygon Investment Partners executives has founded a hedge fund in Hong Kong with plans to launch an event-driven fund.
Anthony Correa and Hani Abuali are the co-chief investment offers of Black’s Link Capital, Bloomberg News reports. The new firm’s investment team features five other veterans of London-based Polygon. Fred Schulte-Hillen is its chief operating officer.
Black’s Link will launch its debut Asian event-driven vehicle as soon as this month with both partner capital and outside money. The firm aims to raise US$250 million for the fund, which is targeting returns in the mid- to high-teens, by the end of the year.
The new fund will make three- to 12-month investments in companies facing mergers, leveraged buyouts, spin-offs, recapitalizations, tax changes or regulatory changes. It will aim to be market-neutral.
Correa spent five years at Polygon, setting up its Hong Kong office in 2006. Polygon closed the office last year. Correa joined Polygon from Nomura International, where he headed special situations investments in Asia. Albuali joined Polygon in 2007 from Morgan Stanley as an event-driven manager.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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