Wed, Jan 18, 2017
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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee