Institutional Investors

Taiwan’s Fuh Hwa to set up fund of hedge fund platform

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Taiwan’s largest asset manager, Fuh Hwa Securities Investment Trust, is blueprinting a fund of hedge funds platform, likely to be rolled out in two months.

Industry sources say the group will attempt to initially raise $50 million for a fund to be launched in either July or August, and hopes to have at least $100 million under the belt before the year ends. Fuh Hwa manages $8 billion of assets at present, mostly in mutual funds.

Fuh Hwa is expected to target high net-worth individuals and local institutions for the new fund of funds. The group has been