Crescent Point, CastleBay Veteran Ready Hedge Fund

Jun 7 2012 | 11:27am ET

Private equity firm Crescent Point Group and former CastleBay Capital Management trader Charles Stone have teamed up to launch a hedge fund.

Singapore-based Crescent Hill Capital Management will serve as Crescent Point's public markets arm, HFMWeek reports. Its first hedge fund will launch on July 1, focused on Asia.

Stone will serve as chief investment officer and portfolio manager of the Crescent Hill Asia Opportunities Fund, with Arti Hatzirodos as chief operating officer and QiQi Shi as analyst. The former most recently worked at Trader Asia after stints as CFO of Hawkesbury Capital and chief operation officer of Nator Capital, while the latter joins from Riley Paterson and is a veteran of Singapore's sovereign wealth fund.

Stone was co-manager of CastleBay's equity fund and head of research. He formerly served as head of equity research in Asia and an Asian stock manager at Galleon Group.

Asia Opportunities will debut with about US$50 million from Crescent Point's partners and clients. The long/short equity vehicle will be a concentrated macro and thematic strategy, focused on between four and six themes and putting about 70% of its assets in just three to five names. The fund has a capacity of US$750 million, but will close at US$600 million.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note