Launches & Closures People Moves

Abax maps diversified model

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Abax Global Capital, historically seen as a special situations group, is expanding its product menu to ensure a well diversified business model that ensures revenues in varied market conditions. It is growing its Singapore-based macro business rapidly, launching its first onshore Renminbi-denominated China private equity fund, and is looking at the market opportunistically to roll out niche, specialized funds. Abax also moved into the credit space earlier this year and now runs two public credit funds with high net worth money that have brought in solid performance since the beginning of the year.

Abax plans to set up an