Launches & Closures

Howell spins HCAP out of Basis


Steve Howell, legendary Asian credit specialist and former co-founder of Basis Capital, has set up HCAP Asset Management in Sydney with plans to roll out an Asian multi-strategy fund in the second quarter of 2009. The HCAP Diversified Fund will have a flexible alpha-seeking mandate and focus on a broad spectrum of asset classes, particularly in fixed income, credit, rates, hybrids as well as equities and their derivatives. The strategy has the capability to grow in excess of $1 billion.

Steve Howell

The firm is also setting up a managed accounts platform alongside the fund