Saturday, 20 December 2014
Last updated 1 day ago
May 27 2011 | 11:35am ET
A new multi-strategy hedge fund firm will be the second-biggest launch of the year in Asia when it debuts this summer.
Principia Capital Advisors is expected to garner US$750 million for its launch of three strategies, including a commodity trading adviser. Hong Kong- and Beijing-based Principia will also feature equity and credit strategies, with the former being run from Hong Kong.
The firm, named for a tome by 17th century French philosopher Rene Descartes, follows the April launch of Azentus Capital by former Goldman Sachs proprietary trading chief Morgan Sze. Azentus debuted with US$1 billion and is expected to have doubled that within a few months.
Reuters reports that Hang Hu is among Principia's top executives, although his background, and the identity of the firm's backers, is unclear.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.