Tuesday, 16 September 2014
Last updated 6 hours ago
Mar 28 2013 | 9:43am ET
A private-equity fund investing in hedge fund managers owned by Australia's Westpac Banking Corp. has added Singapore's RV Capital Management to its stable.
Westpac's Ascalon Capital Managers has bought a 30% stake in RV Capital and invested in the hedge fund's flagship Asia Opportunity Fund, it said. RV focuses on rates, credit and foreign exchange.
RV is Ascalon's third investment in Asia, following its purchase of 30% of Canning Park Capital and 35% of Athos Capital in 2011. The latest member of the Ascalon family was founded that year by former Morgan Stanley Asia-Pacific had of fixed-income Ranodeb Roy and Pacific Investment Management Co. veteran Vickram Mangalgiri, and returned 21% last year.
"RV Capital is led by experienced investors who have operated at the highest level for many years," Chuak Chan, Ascalon CEO, said. "We believe RV Capital is posed for strong future growth."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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