Saturday, 30 August 2014
Last updated 23 hours ago
Apr 12 2007 | 11:47am ET
Shanghai- and Taiwan-based hedge fund manager UG Investment Advisers is looking across the Taiwan Strait for its next offering.
Enticed by opportunities in mainland China, especially those in closed-end funds, UG hopes to raise as much as US$500 million for a Greater China multi-strategy fund, focusing on closed-end fund arbitrage. Partner Richard Fan said that the fund will launch in the next three months if the firm is able to raise at least US$200 million for it.
“It’s in the very preliminary stages right now,” he said at a Reuters-sponsored hedge fund conference in Singapore.
The US$900 million firm’s current multi-strat offering, the UG Formosa Multi-Strategy Fund, is about 70% invested in Taiwan, Fan said, adding that the new fund would give it more flexibility to invest in mainland China.
UG already has more than half of its total assets invested there through China’s qualified foreign institutional investor program, but the new fund would target the more than 50 closed-end funds listed on China’s stock exchanges.
“The largest piece of the pie would be closed-end fund arbitrage,” Fan said. “This is one of our bread-and-butter businesses… We’ve been doing it in Taiwan since ’93.”
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 ...