Fri, Jun 23, 2017
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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is