Ex-Elliott Asia Managers To Launch $100M Special Situations Fund

Jul 11 2014 | 7:23am ET

A pair of Elliott Management veterans will seek US$100 million for a new Asia-focused special-situations hedge fund.

Ark Pacific Capital Management will invest in private convertible bond issues and pre-initial public offering companies, as well as make direct loans, Bloomberg News reports. Firm founders Kenneth Ng and Arthur Lau plan to tap opportunities too small for Elliott and to offer their clients co-investment opportunities.

The Hong Kong-based firm will focus on Greater China initially, although it will also look at South Korea and Southeast Asia.

Ark hopes to raise US$50 million by the fourth quarter, drawing down commitments as necessary, like a private-equity fund. It will also impose a three-year lockup to facilitate its p.e.-style investments.

Ng and Lau will serve as co-chief investment officers, with the former running the firm and managing partner and the latter focusing on fundraising and deal-sourcing. The two worked together for six years at Elliott—both covering Greater China—until their departures in January and October, respectively.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR