Double Haven Wins $100M CalPERS Allocation

Dec 16 2013 | 10:22am ET

The California Public Employees' Retirement System is fueling the expansion of one of the fastest-growing hedge funds in Asia.

The U.S.'s largest public pension fund has invested about $100 million with Double Haven Capital. The move boosts the Hong Kong-based firm's assets to over $710 million, up from $415 million at the beginning of the year and just $160 million 18 months ago.

"Large institutional investors are recognizing the growth potential in the Asian credit space," Double Haven founder Greg Donohugh told Reuters.

The CalPERS mandate is at least the second big institutional allocation won by Double Haven this year; it received a $200 million investment in January to launch a new long-only strategy. The deal followed Double Haven's acquisition last year of hedge-fund platform DragonBack Capital.

Double Haven was spun off from Sparx Group in 2011.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of