The Abu Dhabi Investments Company has launched its Multi-Strategy Hedge Fund with subscription opening Tuesday, Gulf News reported. The fund is aiming at an initial value of $60m. Subscriptions will be invited monthly at the fund's prevailing net asset value.
In hedge fund and equity funds, the track record and personality of the main investment manager are critical factors in attracting investors.
CQS will today announce it has raised $375m for a new hedge fund focused on Asia as the London fund manager run by Michael Hintze joins the industry's rush for the region.
Sparx Asset Management, Japan's biggest activist hedge fund, is pushing for the reappointment of two ousted board members at Pentax in an effort to reignite scuppered merger talks between the camera maker and Hoya, a Japanese specialist glassmaker.
If a train-carriage existed for activist hedge fund managers with investments in the US rail industry, it would look rather crowded these days.
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