Launches & Closures

SAIL adds new Asian FoHF as region regains favour


SAIL Advisors in Hong Kong is launching 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 firm, which has $2 billion in global funds of funds assets, already runs the $160 million SAIL Asia Pacific Managers Fund – an Asia Pacific multi-strategy fund of hedge funds – but the new fund will only invest in Asian long/short equity managers.

SAIL has seeded the SAIL Asia Equity Alpha Fund with $50 million. It will be run by Lanny Lim, one