|
|||||
|
Swiss-based Gottex, a $7.6 billion hedge fund-of-funds manager, acquired Hong Kong-based Penjing Asset Management to continue its expansion in Asia. Penjing Asset Management manages about $434 million and the acquisition will almost double Gottex’s A Add to favorites LinkedIn Tufton Oceanic Ltd., a shipping hedge fund managing $1.3 billion, has turned bullish on Very Large Crude Carriers (VLCC) for the first time in 4 years, as China buys more and the U.S. buys less, changing trade and shipping patterns. Shippers now have Add to favorites LinkedIn 30 percent of global hedge funds now have a presence in China including Hong Kong, with some China-based funds reaching billion plus dollar sizes by arbitraging commodities between China and the rest of the world. FT. Add to favorites LinkedIn Former Perry Capital Asia Head, Alp Ercil, has raised $440 million for a hedge fund that will invest in distressed investment opportunities in Asia. $8 billion AUM Perry Capital, based in New York, closed its Hong Kong office last year. Reuters Add to favorites LinkedIn China International Capital Corporation (CICC) and Sloan Robinson LLP, a London-based asset manager with $3.7 billion under management, announced that they would be forming a hedge fund together which would focus on investment opportunities in Greate Add to favorites LinkedIn |
 
|
||||
|
Copyright © 2010-2012 - chinahedgefundnews.com - All Rights Reserved |
|||||
