Performance

Asia’s largest 2012 launch reportedly closes at $940m

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Asia’s biggest hedge fund launch this year, the private equity-style Asia Pacific fund run by Hong Kong-based Asia Research & Capital Management, is understood to be closing to subscriptions after reaching $940 million in assets.

The fund, founded by Alp Ercil, former Asia head of New York-based Perry Capital, was counted as one of the top hedge fund start-ups in the region in the first half of 2012, when it raised around $450 million at launch.

Another fund, Tybourne Capital, which was established by former head of Lone Pine Eashwar Krishnan, also raised $450 million at launch early