Launches & Closures

Sparx Asia’s credit CIO Flint spins out to form Double Haven


Darryl Flint, the well-regarded CIO-credit at Sparx Asia Investment Advisors (formerly PMA Investment Advisors), is spinning out along with his five-member credit team to establish his own hedge fund group monikered Double Haven.

The Hong Kong-based team runs a $230 million credit portfolio (comprising the PMA Credit Opportunities Fund, the PMA Temple Fund and a managed account for a large institutional investor) within the former PMA Advisors platform, and the proposed structure will migrate the entire assets/products as well as investors to Double Haven. Target date for the deal completion is end September.

The five members of the