Tuesday, 28 April 2015
Last updated 10 hours ago
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.
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…