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Laxman Pai, Opalesque Asia:

LHG Capital Management, a hedge fund dedicated exclusively to global macro investment strategies in the Asia-Pacific region, announced the closing of its newly-structured closed-ended flagship fund, LHG Premium Investments Fund, at €450 million (US$445 million), 50% higher than the original €300 million target.

Fund assets are now locked-up with LHG until October 2025, said a press release from the global alternative investment management firm headquartered in Hong Kong and Zurich, with representative offices in Abu Dhabi, Beijing, and Sydney.

"Earlier this year, in a highly unusual move for the hedge fund industry, LHG's management team decided to restructure the Fund into a private equity-style closed-ended fund with a three-year lockup period as the firm tries to build a longer-term, more stable capital base," said the release.

According to the company, the Fund employs LHG's flagship Diversified Global Macro investment strategy, which aims to capture diversified sources of alpha across global equities, bonds, currency, and commodity markets.

The investment style is described by the firm as "a hybrid of discretionary macro and systematic CTA, with a quantamental (quantitative + fundamental) research process", it said. The investment universe is comprised primarily of futures contracts on the global equity index, commodity, and fixed-income markets, as well as the interbank foreign exchange market.

The Fund was in......................

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