Launches & Closures

Asia-focused Arowana underway with $15m

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New funds of funds investing in Asia are few and far between due to the precarious markets of the region. In fact according to the InvestHedge database there are some 30 firms with Asia-only funds of funds, most of which have less than $1 billion in assets. This, however, has not deterred David Totah and Pierre Hoebrechts, according to sister publication AsiaHedge.

The two former managers from Union Bancaire Privée, who co-founded TH Advisors in New York at the end of 2005, have launched a Hong Kong-based, Asia-focused fund of funds that they are targeting to grow to