Cavenagh Capital Wins Pension Biz., To Move To Amsterdam

May 24 2010 | 11:58am ET

A big investment from a big pension fund means big changes for Cavenagh Capital.

The Singapore-based firm will move to Amsterdam after APG, the investment management arm of US$270 billion Dutch pension ABP, agreed to seed its new Asian macro fund. The Cavenagh Asian fund will debut on July 1 with US$40 million, HedgeWeek reports.

The new fund is targeting 15% to 20% returns investing in Asian interest rates and currencies.

Cavenagh was founded by former Dexion Capital product development and fundraising executive Andrew Gale and former DBS principal strategies chief and Abax Global Capital macro trader Lee Ka Shao.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of