Hedge Fund News From HedgeCo.Net


HK’s SAIL Advisors to manage three ING fund of hedge funds

SAIL Advisors, a Hong Kong-based fund of hedge funds operator, said on Monday it will take over the management of three ING (ING.AS) funds in a move that will see a senior ING executive join the Hong Kong firm.

Under a complex deal, SAIL will "sub-advise" three fund of hedge funds managed by New York-based ING Alternative Asset Management, raising the Hong Kong firm’s assets under management to $2.4 billion (1.46 billion pounds) from $1.7 billion previously.

Harold Yoon, chief investment officer and head of ING fund of hedge funds, will also join SAIL as CIO and be based in Hong Kong, while SAIL will set up an office in New York.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Fund of Funds, Syndicated and tagged , , , , , . Bookmark the permalink.

Comments are closed.