SAIL Advisors in Hong Kong is launching its fifth fund of hedge funds with the idea of tapping into the appetite of global investors for pan-Asia long/short equity funds. The firm, which has $2 billion in global funds of funds assets, already runs the $160 million SAIL Asia Pacific Managers Fund – an Asia Pacific multi-strategy fund of hedge funds – but the new fund will only invest in Asian long/short equity managers.
SAIL has seeded the SAIL Asia Equity Alpha Fund with $50 million. It will be run by Lanny...