Tuesday, 23 September 2014
Last updated 8 hours ago
Oct 24 2007 | 11:05am ET
Pacific Alliance Group is adding a Greater China real estate strategy to its portfolio of alternative investment products. The $3.5 billion Hong Kong-based hedge fund and private equity manager is launching the Pacific Alliance China Land fund in November with a target of US$350 million.
The fund will invest across residential, commercial and industrial sectors targeting completed and semi-completed projects through forced sale and distressed situations, according to marketing materials obtained by FINalternatives. It will also take pre-IPO equity stakes in leading regional developers, followed by direct co-investment in selected real estate projects.
Approximately 60% of the fund’s portfolio will be invested in what the firm deems as “second and third tier” cities and the remaining balance will be invested in more visible locales such as Hong Kong and Macau.
Horst Geicke and Chris Gradel founded Pacific Alliance in 2002. The firm currently manages the $1 billion Asia Opportunity Fund, an arbitrage hedge fund focusing on Greater China, and ARC Capital Holdings, a $570 million Greater China buyout fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.