Abax to Open Tudor-Backed Macro Hedge Fund to Outside Investors
Tuesday, May 19, 2009 : PermalinkBloomberg – Abax Global Capital Ltd., a Hong Kong-based asset manager part-owned by Morgan Stanley, plans to open a hedge fund backed by Tudor Investment Corp. to outside investors for the first time.
The Abax Dymon Asia Macro Fund, which started with $113 million in August 2008, seeks to profit from regional economic trends. The fund will have a “clawback” arrangement under which half of the 20 percent performance fee earned is repaid to investors if the fund loses money in the next year.
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abax global capital, asia, asset-manager, bloomberg, capital ltd, economic trends, hedge fund, hong kong, investors, money, morgan stanley, performance fee, tudor investment
