LGT To Buy $350M Asian Fund of Hedge Funds

Apr 17 2008 | 12:08pm ET

Switerland’s  LGT Capital Partners is acquiring KGR Capital, a Hong Kong-based fund of hedge funds with approximately US$350 million in assets under management.

“Acquiring KGR Capital will enable us to build on the success of our current Crown offering by providing clients with a greater selection of Asia-focused hedge fund programs,” Roberto Paganoni, LGT’s CEO, said. “It will also enhance our presence and investment expertise in the region with the addition of 16 Asia specialists from KGR Capital."

KGR was established in 2002 by John Knox, Nicholas George and Christopher Rampton and has offices in Hong Kong and London. The firm's flagship fund, KGR Capital Asia Pacific Absolute Return Segregated Fund, is a multistrategy, multi-manager portfolio of Asian hedge funds. It is also the investment adviser to KGR Absolute Return, a closed-end investment company listed on the London Stock Exchange.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...