US$20bn US fund manager Leucadia Asset Management has announced a new strategic partnership with Dymon Asia Capital in Singapore. As part of the deal, Leucadia will acquire an economic interest in some of Dymon’s strategies, including Dymon’s newly launched multi-strategy fund.

According to JP Morgan Asset Management, 116 Japanese corporate pension funds allocated a record 21.3% of their total assets to alternative investments in 2019.

The Eurekahedge Greater China Hedge Fund Index ended 2019 up 16.04% on the back of the region’s underlying equity market rally. The US$30.3 billion mandate has seen US$2.7 billion of performance growth, offset by US$0.3 billion of investor redemptions over the year.

Dr Linwen Ho has left his role as CEO of Honghu Capital Management in Hong Kong. He has taken up a new role with Amber Hill Group, an asset management firm headquartered in Hong Kong and Singapore with additional offices in Guangzhou, Shenzhen, Shanghai and Taiwan. He is a former COO of Seekers Capital Group and Triskele Capital Management and has also experience from Standard Chartered Bank, Citigroup and Salomon Smith Barney.

The Eurekahedge Greater China Hedge Fund Index ended 2019 up 16.83% on the back of the region’s underlying equity market rally. The US$29.4 billion mandate has seen US$2.0 billion of performance growth, offset by US$0.3 billion of investor redemptions over the year.

Privium’s Vanessa Hemavathi with Hedge Funds Club boss Stefan Nilsson in Hong Kong in 2019

Vanessa Hemavathi, Head of Investment Services in Asia for Privium Fund Management in Hong Kong, has been appointed as head of the Asian chapter of hedge fund industry charity Help For Children. Prior to joining Privium in 2019, Hemavathi spent three years as program director for the Henley Executive Hedge Fund Program. Help For Children, founded in 1998 by representatives of the hedge fund industry, is dedicated to the prevention and treatment of child abuse.

Ashley Tang

Ashley Tang has joined New York-headquartered multi-strategy investment firm Boothbay Fund Management in a Hong Kong-based business development role. Her responsibilities will include sourcing emerging Asian hedge fund investments and assisting in due diligence. Since graduating from Queen’s University in Canada, Tang has spent a number of years with the Hong Kong-based hedge fund platform business of OP Investment Management.

Vanessa Hemavathi

Privium Fund Management has recruited Vanessa Hemavathi as Head of Investment Services in its Hong Kong office. She will focus on developing Privium’s business in the Asia-Pacific region. Most recently, Hemvathi spent three years with Inflection Point Intelligence where she has been a program director working on the global expansion of the Henley Executive Hedge Fund Program. Prior to that, she worked on corporate and commercial partnerships at The Wall Street Journal.

Carol Hu of CQS

Carol Hu has joined CQS in Hong Kong as VP of Business Development. Most recently, she was COO at Platina Capital Management. Earlier in her career, she has had stints as a trader at Bin Yuan Capital and Prime Capital Management. CQS is a credit-focused multi-strategy asset manager founded in 1999.

The Eurekahedge Hedge Fund Index was up 0.62% in July, bringing its year-to-date return to 6.48%. Roughly 30.8% of hedge fund managers in the index have recorded double-digit gains over the first seven months of the year. The Eurekahedge Greater China Hedge Fund Index gained 0.51% in July, bringing its year-to-date gain to 10.37%. Investor confidence in the US$28.4 billion mandate remained robust with US$0.9 billion of net inflows recorded in 2018, despite the US$2.3 billion performance decline over the same year.