Tuesday, 21 October 2014
Last updated 9 hours ago
May 15 2007 | 2:40pm ET
Hong Kong and San Francisco–based Asia Alternatives, an private equity fund-of-funds shop, recently held a final close on its Asia Alternatives Capital Partners. With US$515 million in committed capital, the fund was oversubscribed and closed well above its original target of $350 million, according to the firm.
Investors in the offering include notable pension funds such as the California Institute of Technology and the California Public Employees' Retirement System as well as other state and corporate pension funds, foundations, university endowments, insurance companies and family offices in the United States, Canada, Europe and Asia.
The fund will invest in local Asian fund managers with a geographic focus of Greater China, Japan, Korea, India, Southeast Asia, Australia and New Zealand. It is currently invested with more than 10 managers.
Melissa Ma, co-founder and managing director of Asia Alternatives, stated: “We see a tremendous number of opportunities in the Asian private equity space and are excited to invest in such an active and evolving market.”
C.P. Eaton Partners acted as exclusive placement agent for Asia Alternatives, and Pillsbury Winthrop Shaw Pittman LLP served as legal counsel.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...