Hedge Fund Principia Readies $750 Million Debut

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note