Fund launches & closures

Ex-UBP man launches new Asia-focused fund of hedge funds

by

Former managers from Swiss private bank UBP have launched on June 1 a Hong Kong-based Asia-focused fund of funds that they are targeting to grow to assets of $250 million.

TH Capital advises the Arowana Asia Fund which has been seeded with $15 million and will have a bias toward investing in smaller-sized hedge fund managers. The fund took its name from the freshwater fish Arowana which feng shui experts consider as something that brings good luck.

Pierre Hoebrechts co-founded TH Advisors in New York at the end of 2005 together with partner David Totah, also an ex-UBP