Saturday, 22 November 2014
Last updated 1 day 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."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...