Launches & Closures

Caledonia readies maiden Asia-Pacific fund

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Caledonia (Private) Investments, the Sydney-based boutique asset manager overseeing $2 billion, plans to launch its first Asia-focused hedge fund on 15 March.

Caledonia Asia Fund will focus on China and its influence across the Asia-Pacific, according to the firm’s Asia Fund CIO Tim Davies. “We are looking to identify Chinese and Asian companies that are most leveraged to the China growth story.”

The fund will mostly invest in Chinese businesses listed in exchanges around the world, including China, Hong Kong and the US. It targets annual returns of 15-20% with a volatility of 8-12%.

Caledonia plans to raise