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Former Perry Asia Head Said to Raise $1.1 Billion New Fund

Reuters – Alp Ercil, a former regional head of New York-based hedge fund Perry Capital LLC, won $1.1 billion of investor commitments for his second Asia distressed-assets fund, according to two people with knowledge of the matter.

ARCM Master Fund II will focus on three- to five-year investments in credit and equity securities, said the people who asked not to be identified because the information is private. The amount of capital committed made it the largest hedge fund started in Asia this year, according to data from Singapore-based Eurekahedge Pte.

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