Hong Kong Private Equity Firm Introduces Its First Hedge FundThe Hong Kong-based private equity firm SAIF Partners Group, is pleased to announce the launch of its first hedge fund entitled SPQ Asia Opportunities Fund, with US$40 million.
Through August, the fund had more than tripled that number to US$130 million.
Most of the growth has come from investors, who have shown a growing appetite for Asian hedge funds. SPQ returned 1.6% in its first month last year and is up 5.1% this year, Bloomberg News reports.
SPQ is run by Brandon Lin, one of SAIF’s most senior partners, from Beijing.Source: FINalternatives