Basis seeks to split hedge fund
BASIS Capital has reportedly asked investors for permission to split its surviving hedge fund, the Pac-Rim Opportunity Fund, in two.

BASIS Capital has reportedly asked investors for permission to split its surviving hedge fund, the Pac-Rim Opportunity Fund, in two.
Australian hedge fund manager Basis Capital has asked investors in its surviving hedge fund, the Pac-Rim Opportunity Fund, for permission to split it in two, a British newspaper reported.
Investor appetite for hedge funds which weathered this summer's market storms will be tested by the announcement on Monday of up to £300m ($612m) of new money raising by two listed funds that specialise in investing in the sector.
The global hedge fund market grew by about a fifth to almost $2,500 billion (£1,250 billion) in the first half of this year.
Harvard professor Niall Ferguson is now consultant to a British hedge fund. But did he bring his apocalyptic vision with him?
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