FINalternatives- Hedge fund honchos announced plans for a slew of new fundraising efforts to take advantages of opportunities in Asia—and investor appetite for them—at an industry summit.
Tribridge Investment Partners and HSBC Halbis Capital Management unveiled plans for new hedge funds, while ADM Capital said it would raise almost $1 billion for existing funds, and KGR Capital indicated that it was mulling a launch and fundraising drive.
Hong Kong-based Tribridge will launch a Korea-focused fund on June 1, Eugene Kim, chief investment officer, told the Reuters Hedge Funds and Private Equity Summit in Hong Kong today. The firm is also prepping an Asian asset-backed securities fund for launch by the end of the year.
