Sunday, 26 October 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.