Tue, Aug 30, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new