Monday, 30 March 2015
Last updated 2 days ago
Sep 23 2010 | 12:26pm ET
Singapore-based hedge fund Canning Park Capital is readying a long/short Asia hedge fund for launch next month.
The CCP Asian Opportunities Fund will debut on Oct. 1, Bloomberg News reports. The new fund will invest in between 20 and 40 liquid, large-capitalization stocks of companies in Australia, China, Hong Kong, India, Singapore and South Korea. The fund will be seeded by the firm’s principals, family and friends, as well as an Asian pension fund.
Canning Park is targeting 15% to 20% annual returns for the fund, which has a capacity of at least US$300 million. The fund’s holdings are designed to be liquidated in as little as one day, and it will employ only 1.2-times leverage, at most.
The firm has also struck a partnership with Australia’s Regal Funds Management. Canning Park will use the long/short hedge fund’s risk-management and back-office systems.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…