Fund of Hedge Funds

Archer plans to open Asian fund of funds to external investors

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Archer Asia Fund, an Asia-focused fund of hedge fund backed by the Rockhampton Management Group, will soon to be opening up to external investors.

The initiative is led by Denise Hu, former head of Asia Pacific & Japan investment for SAIL Advisors.

Archer Asia Fund was set up with internal seed capital last April and was officially launched in October. Since then, it has been investing across different strategies and asset classes, ranging from distressed, credit, events, long/short and macro, with about 20 underlying managers as of now.

Hu believes 2009 was an excellent time to deploy the firm's