Mark Devonshire is still on course to launch his big new
mCapital credit and distressed investment operation in Europe
and Asia despite the recent collapse of Harbour Capital, the
London-based hedge fund operational platform that Devonshire
had been planning to use as the third-party infrastructure
provider for his fund.
Instead, mCapital has applied for a regulatory licence in
Hong Kong from the Securities and Futures Commission and is now
planning to launch its mCapital European and Asian Special
Situations Fund at the end of June.