Saturday, 29 August 2015
Last updated 15 hours ago
Jun 19 2012 | 2:26pm ET
A pair of Och-Ziff Capital Management veterans is readying an Asian event-driven hedge fund, hoping to raise as much as US$250 million.
Manoj Jain and Sohit Khurana's Maso Capital, which is referred to as an "Och-Ziff spinout" in an investment bank e-mail to potential investors, has raised US$50 million from an anchor investor, The Wall Street Journal reports. It hopes to raise between US$200 million and US$250 million, as befits what the e-mail calls "one of the higher-pedigree launches in Asia tabled for 2012."
But despite referring to Hong Kong-based Maso as a "spinout" from Och-Ziff, the larger hedge fund will not invest in the new one and is unrelated to it.
Jain, who left Och-Ziff last year, was an Asian event-driven trader and Khurana an Asian convertible bonds analyst. Given Khurana's expertise, Maso will invest in convertibles as well as event-driven opportunities, as it seeks to offer "the benefits of approaching investments from a cross-cap structure perspective including the volatility angle."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…