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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 first-ever single-investor fund at $150 million, boosting the firm's assets under management to over $1.3 billion.
A media release from the hedge fund specializing in 'quantamental' global macro investing, the new fund will be jointly managed by LHG's Co-CIOs, Laurence Yang and Jeff Xu.
"Unlike its Separately Managed Account (SMA) products, which trade on a pari passu basis with its flagship fund, the hedge fund firm's 'Fund of One' product combines its two macro strategies, Diversified Global Macro and China Macro, into a single integrated fund, with customized ESG integration, geographical focus, currency exposure management, return/risk profile, and lock-up period," the release said.
According to the release, LHG Capital is one of the latest hedge funds to launch single-investor funds, following in the footsteps of its larger peers such as Bridgewater Associates and Brevan Howard.
In the post-Madoff era, single-investor funds are becoming increasingly popular with institutional investors and large family offices, as they offer investors more control, transparency, and flexibility compared to traditional commingled funds, the company said.
However, due to the operational scale and infrastructure costs, managers generally will not set up single-investor funds unless a high mini...................... To view our full article Click here
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