Fund launches & closures Institutional Investors

SAIL launches new pan-Asia equity fund of funds

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Hong Kong-based SAIL Advisors is launching on August 1 its fifth fund of hedge funds with the idea of tapping into the appetite of global investors for pan-Asia long/short equity funds. The Hong Kong-based investor has seeded the Asia Equity Alpha Fund with $50 million. It will be run by well-regarded portfolio manager Lanny Lim.

Lim says the pan-Asian fund is designed to deliver a strong upside, and describes the timing of the launch as “quite good” given the recent volatility in the market. He added that while there has been considerable concern in the market about Chinese