Friday, 28 November 2014
Last updated 15 hours ago
Apr 11 2007 | 8:46am ET
LIM Advisors is prepping its eighth hedge fund, hoping to raise as much as US$500 million for the Asian special situations high-yield offering.
George Long, founder of the Asia-focused hedge fund shop and the former chief investment officer at Gartmore Asia, told Reuters that the new fund will enable it to take larger positions in less liquid securities than its US$460 million flagship, the LIM Asia Arbitrage pan-Asian multistrategy fund, though it will use trading strategies developed for that fund.
Long added that he wouldn’t launch the fund if it failed to attract at least US$200 million.
LIM manages some US$825 million in its seven current funds.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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