Wednesday, 20 August 2014
Last updated 3 hours 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note