Saturday, 28 March 2015
Last updated 12 hours ago
Feb 16 2012 | 10:53am ET
The former head of fixed-income for Asia-Pacific at Morgan Stanley is set to launch a hedge fund with a former Pacific Investment Management Co. adviser, with an eye towards managing US$1 billion.
Ranodeb Roy has set up RV Capital Management in Singapore. The new firm—the "V" stands for co-founder Vickram Mangalgiri—will launch its maiden hedge fund in April or May, investing in credit, interest rates and foreign exchange, with a focus on liquidity.
Roy said the fund's capacity is US$1 billion, although he and Mangalgiri plan to "start off small." He has already begun marketing the fund to institutional investors in the U.S. and Europe.
The firm's founders have already been joined by former BNP Paribas South Asia interest rate and foreign exchange structuring head Rajesh Mahadevan to serve as head of trading strategy, and plan to hire an India-based research team. At launch, RV could employ as many as 10 people.
Roy joined Morgan Stanley in 2008 after leaving Merrill Lynch.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…