Thursday, 26 November 2015
Last updated 12 hours ago
May 20 2013 | 12:23pm ET
China's Fosun International hopes to raise US$1 billion for its second dollar-denominated private-equity fund.
The new China Momentum Fund will invest in foreign companies seeking to expand in China. There will be a particular focus on Europe, in an effort to profit from depressed prices due to the economic crisis.
China Momentum will hold its first close next month at about US$300 million. Among the investors is Prudential Financial, Fosun's partner on its last fund, which raised US$600 million. The new fund will have priority over Fosun's existing funds in selecting investments.
Fosun aims to have only about 10 investors in the new fund, primarily pension funds, high-net worth investors and institutional investors from outside China.
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…