Tuesday, 26 May 2015
Last updated 50 min ago
Dec 16 2011 | 4:10am ET
Asia-focused hedge fund Monsoon Capital Management is preparing an offshore version of its systematic strategy.
The new fund will be the third version of the strategy; the first was launched in the U.S. in August and a UCITS III-compliant version followed in September. The Cayman Islands-domiciled version will debut next month, HFMWeek reports.
The fund, which currently manages $35 million across its two versions, is a trend-following strategy that invests in Asian equity markets.
“We launched the UCITS fund first because many investors prefer or require UCITS, such as European institutions,” Monsoon’s Gautam Prakash told HFM. “But we realized that we need an offshore version for full access to the Asian market.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…