Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hong Kong Jockey Club invests in Och-Ziff, Millennium hedge funds

Friday, April 04, 2014

Benedicte Gravrand, Opalesque Geneva:

The Hong Kong Jockey Club has invested $1.2bn in alternatives, including hedge funds, private equity and private real estate funds, according to media reports.

"It is the first time the club goes direct and there is room to add more direct managers in the future," Jacob Tsang, director of group treasury told Bloomberg News. "This move signifies a shift in paradigm as the club moved forward to a more efficient way to deploy capital."

The Club invested in two of the largest hedge funds, namely Och-Ziff Capital and Millennium Management.

Och-Ziff, founded in 1994 by Daniel S. Och, was one of the top hedge funds in Absolute Return’s recent Billion Dollar Club, and has $42.7bn in assets under management (as of April 1, 2014). The firm manages multi-strategy funds, credit funds, collateralized loan obligations (CLOs), real estate funds and other alternative investment vehicles.

Millennium Management, founded in 1989 by Israel Englander, employs a global multi-strategy investment approach and has around $21.8bn in AuM.

"Multi-strategy funds have the advantage of bein......................

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. Opalesque Exclusive: Michael E. Lewitt: Greece, Puerto Rico, China stock market problems are symptoms of global underlying disease[more]

    Benedicte Gravrand, Opalesque Geneva: Michael E. Lewitt, manager of the Third Friday Total Return Fund, L.P., author and market commentator, says in a Q2 letter

  3. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  4. 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.

  5. Opalesque Exclusive: London quant shop launches new improved strategy[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London

 

banner