Thursday, 18 December 2014
Last updated 1 hour ago
Jun 2 2011 | 11:29am ET
Zeal Asset Management has quintupled its assets over the past 17 months, but the Hong Kong-based hedge fund wants more—and has hired help to get it.
Zeal has engaged the Park Hill Group, the placement agency owned by the Blackstone Group, to market its wares globally, Reuters reports. The firm currently manages about US$200 million, up from the US$40 million it debuted with at the beginning of last year.
Since then, much has gone right for the firm founded by former Value Partners manager Jacky Choi and Deutsche Bank veteran Daniel Poon. Their maiden Greater China long/short stock fund rose 24.6% last year, and the firm unveiled a long-biased fund, Voyage Zelec, in September.
In addition to boosting its assets, Zeal is also boosting it headcount, which has risen to 17.
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.