Thursday, 26 March 2015
Last updated 1 hour ago
Jul 17 2012 | 12:34pm ET
Lone Pine Capital's former Asia chief has launched his hedge fund with US$500 million—and another half-billion dollars in commitments.
Tybourne Capital Management's maiden fund debuted on July 2. The long/short Equity Fund will focus on company fundamentals. The Hong Kong-based firm will specialize in consumer names, financials, technology, media, telecommunications and industrials investments, weighted towards Asia but investing globally.
Tybourne was founded by Eashwar Krishnan and Tanvir Ghani, the former late of Lone Pine and the latter formerly head of capital introductions in Asia-Pacific at Goldman Sachs. Krishnan serves as the firm's chief investment officer, having spent a dozen years at Lone Pine before his departure late last year.
Tybourne, the latest in a string of large Asian hedge fund launches, has a three-year lockup, Bloomberg News reports, with a US$5 million minimum investment requirement. It will also give investors a fee discount if it is below its high-water mark.
Mar 9 2015 | 6:35am ET
As 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…
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…