Saturday, 28 November 2015
Last updated 1 day ago
Jan 16 2008 | 11:19am ET
Hong Kong-based Adept Capital Partners has launched an early-stage Asia fund of hedge funds with a target of US$150 million.
The Early Stage Asia Fund is targeting an annualized, risk-adjusted return of between 15% and 20%, and will invest in up to 20 Asia-focused hedge funds, which have been operating for three years or less with assets under management of no more than US$250 million. It will be managed by Tony Smith, the firm’s chief investment officer, who was previously responsible for managing an early stage fund of hedge funds at KE Absolute.
"Asian markets are increasingly attractive for investors seeking absolute returns, with growing liquidity and sophistication. Yet they are still relatively immature and present good opportunities for absolute investment strategies,” said CEO Eleni Istavridis. “Our fund offers the best of both worlds—access to dynamic young managers and to Asia, the world's most compelling growth story."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…