Tuesday, 23 September 2014
Last updated 13 hours 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.