Friday, 27 November 2015
Last updated 1 day ago
Aug 23 2012 | 11:00am ET
Perry Capital's former Asia chief has closed his hedge fund after raising nearly US$1 billion.
Alp Ercil's Asia Research & Management hard-closed with US$940 million. The private-equity-style hedge fund, which debuted late last year, raised US$440 million through April 30, and has garnered a further half-billion dollars since then.
More impressive still, the money has come from just 15 to 20 investors, Reuters reports. About 10% of the money has come from ARM's partners. The fund has a three-year lockup which can be extended, and its performance fees are collected only when returns are realized.
Ercil set up ARM in Hong Kong with 14 other Perry veterans after the New York-based hedge fund closed its Asian office. He spent a decade at Perry.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…