Tuesday, 21 April 2015
Last updated 10 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."
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…