Wednesday, 25 November 2015
Last updated 2 hours 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.
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…