Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…