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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note