Thursday, 3 September 2015
Last updated 35 min ago
Jan 30 2013 | 12:46pm ET
With the stroke of a pen, Hong Kong hedge fund Double Haven Capital has nearly doubled its assets under management.
The credit specialist won a $200 million long-only mandate from an unnamed reinsurer, which it is running as a managed account. The new strategy focuses invests in U.S. dollar-denominated Asian corporate bonds, with a bias towards investment-grade debt, Asian Investor reports.
It is the firm's first long-only product.
The mandate and the growth of Double Haven's Asia Absolute Bond Fund have boosted the firm's assets to more than US$415 million.
Double Haven is planning to continue that growth, with a new direct-lending private equity fund planned for launch in the next few months.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…