Double Haven Launches Asia Bond Fund

Jan 11 2012 | 12:12pm ET

Hedge fund Double Haven Capital Management is betting on Asian bonds.

The Hong Kong-based firm launched the Double Haven Asia Absolute Bond Fund with $20 million of internal capital, HFMWeek reports. The new long/short vehicle will invest in bonds in the region.

"While there is still uncertainty surrounding economies and balance sheets across many parts of the world, longer-term growth remains high within the economies of Asia and with significantly lower leverage," Daryl Flint, who founded Double Haven in October, told HFM.

The new fund focuses on investment-grade bonds.

"The Double Haven Asia Absolute Bond Fund aims to profit from the mispricing of Asian bonds," Flint added. "We also see Asian credit becoming a more meaningful asset class as companies there look to fund more through the bond market as the economies develop and money managers increase their weightings to emerging market debt."

The Absolute Bond Fund has a $500,000 minimum investment requirement and offers monthly liquidity with 90 days' notice. It charges 1.5% for management and 15% for performance.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...