Wednesday, 3 June 2015
Last updated 18 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…