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

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note