Sat, Aug 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hong Kong hedge fund Double Haven doubles assets to $415m due to surge of money in credit investments

Tuesday, January 29, 2013

From Komfie Manalo, Opalesque Asia – Hong Kong-based credit specialist hedge fund Double Haven Capital saw its assets jump to $415m as money continues to flow into credit investments despite earlier fears that high yield and emerging market debt may be heading towards a bubble.

In a report, AsianInvestor said Double Haven only last month launched a $200m long only credit strategy for a global reinsurance firm. It was added that the credit specialist is also planning to launch a new illiquid strategy fund that will focus on private lending and distressed position in the next few months.

Darryl Flint, CEO and CIO of Double Haven added that the new managed account platform would invest in Asia dollar-denominated corporate bonds, as well as Australian and Japanese insurers.

This will be the first time Double Haven will work for reinsurance clients since acquiring DragonBack Capital.

Double Haven acquired hedge fund platform DragonBack Capital in October last year. Prior to the acquisition, Double Haven had outsourced its operations, risk and other back office functions to the team at DragonBack.

"While the credit markets in Asia have developed significantly over the last 10 years, we believe there is still much more to be done, res......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner