Sunday, 3 May 2015
Last updated 1 day ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…