Segantii To Turn Away New Investors

Jun 26 2012 | 11:58am ET

One of last year's best-performing Asian hedge funds is closing the door to new investors.

Segantii Capital has soft-closed its Asia-Pacific Equity Multi-Strategy fund, Retuers reports. The Hong Kong-based firm has more than doubled its assets under management in the past year, and has added another US$70 million in the last few months to hit US$620 million in assets.

It is the second time that Segantii has soft-closed the hedge fund; it also barred new investors from September 2009 until the end of 2010.

Segantii returned 41% last year and is up 3.1% this year.

To handle the surge of new capital, Segantii also continued its hiring spree in the second quarter, and has now added eight staffers this year, including former Factorial Management executive Lewis Fellas, Barclays veteran Wei Huang, former Credit Suisse executive Kirtes Bharti, former Bank of America executive Daniel Ho, FrontPoint Partners veteran Kisalaya Singh, former Mizuho Securities executive Maximillian von Etzdorf, Daiwa Capital Markets vet Kong Yu and former Caliburn Capital Partners analyst Martin Goulet.


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