Saturday, 28 March 2015
Last updated 12 hours ago
Nov 4 2010 | 7:33am ET
Hedge fund Coupland Cardiff Asset Management is set to launch an Asian consumer-focused hedge fund in partnership with a pair of veterans of the region.
Former Arisaig Partners research chief Rory Dickson and Damian Kestel, late of CLSA Asia-Pacific Markets, will launch the CC Asian Evolution Fund on Dec. 1, the former told Bloomberg News. The new fund will invest in as many as 35 small- and mid-cap stocks of consumer companies across the region, including such frontier markets as Bangladesh, Sri Lanka and Vietnam.
Dickson and Kestel are targeting returns of between 12% and 15% annually. The fund, which will charge 1.5% for management and 15% for performance, has a US$300 million capacity.
The two managers said they decided to join Coupland Cardiff, which has US$600 million in assets under management, after spending “months speaking to a number of hedge funds who might be potential partners.” They decided on the London-based firm based on its back-office, compliance and marketing experience.
Dickson told Bloomberg that Coupland Cardiff would focus its fundraising efforts on institutional investors.
“You’ve got tailwinds of urbanization, fabulous demographics, rising disposable incomes, the growth of the middle class, consumer credit,” Dickson said. “Asia is just at the start of a long, long journey.”
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…