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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...