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Wednesday, 7 December 2016
Last updated 17 hours ago
Dec 1 2005 | 9:40pm ET
New York-based investment management firm M.D. Sass has recently launched a new investment company to manage long/short Asian equities. The new venture, Denahi Global Investments, is based in San Francisco and is headed by Eswar Memon, who partnered with the firm in an effort to break into the Asian equities marketplace.
"We wanted to complement our current offerings," said Ari Sass, director of new businesses at the firm, which has $6.5 billion in assets under management and specializes in equities, but until now did not have any Asian equity offerings.
The fund is currently being seeded with the firm's own capital, but will likely start taking in outside money by year-end.
"We like to kick the tires internally before opening it up," said Sass, explaining the firm is making sure back office and compliance procedures are solidly in place.
"We don't take short-term horizons when looking at strategies," he said. "We believe that the long-term prospects in the region are good."