Hong Kong Hedge Fund With Big Plans Wins License

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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.