Wednesday, 17 September 2014
Last updated 1 hour ago
Jun 17 2011 | 3:57am ET
A new hedge fund with designs on becoming the second-largest Asian hedge fund launch of the year has moved a step closer to reality.
PCA Investments has received a Hong Kong asset management license, Reuters reports. The firm, also known as Principia Capital Advisors, is planning to launch three strategies this summer and expects to raise US$750 million.
The Hong Kong- and Beijing-based firm plans to start with a commodity trading adviser, credit strategy and equity strategy. It is led by Hang Hu and former Merrill Lynch executive Wing Lau.
PCA's planned launch follows the April debut of Azentus Capital, headed by former Goldman Sachs proprietary trading chief Morgan Sze. Azentus raised US$1 billion at launch and now manages almost twice that.
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…
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