Hong Kong's Zeal Gets Blackstone's Help To Tap Global Assets

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…