Wednesday, 27 August 2014
Last updated 6 hours ago
Mar 19 2007 | 11:38am ET
A former Refco executive and ex-LGT Asset Management managing director have been inspired to found their own Asia macro hedge fund.
The Revelation Fund—yes, that is a reference to the Book of Revelation—is a Hong Kong-based startup, the brainchild of Oscar Wong and Edward Chin. In addition to his work at LGT, Wong is also a former CEO of BOCI-Prudential Asset Management. Chin, a former country manager for Man Investments and Asia chief for Refco Alternative Investments, went on to found Hong Kong hedge fund hotel MDE Hedge Center after leaving the troubled futures broker.
The fund's primary strategy is long/short equity while it identifies macro themes for initial investments.
The duo expects to launch with $20 million in assets, Asian Investor reports, mostly from funds of hedge funds and family offices. The strategy aims for low double-digit returns. There is a one-year lock-up, and the fund charges a 1.5% management fee and 20% performance fee.
Wong and Chin hope to attract $200 million in assets within two years.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...