One year since post-acquisition, Regal Partners has shuttered East Point Asset Management (EPAM) following a period of "challenging performance" and the exit of a seed investor.
TodayIR: Sun Hung Kai & Co. Launches SHK Latitude Alpha Fund, with USUSD330m Commitment Sun Hung Kai & Co. Launches SHK Latitude Alpha Fund, with USUSD330m Commitment Sun Hung Kai & Co. Limited (SEHK: 86) ( SHK & Co. , the Company ) announces the launch of SHK Latitude Alpha, a multi-manager hedge fund portfolio managed by Sun Hung Kai Capital Partners Limited ( SHK Capital Partners ) (CE: BQL519), the wholly owned funds management platform of SHK & Co. in Hong Kong. SHK Latitude Alpha is being established with a commitment of USUSD330 million from SHK & Co. through a transfer of the Company s existing hedge fund portfolio which has been successfully running for four and a half years. The launch of SHK Latitude Alpha builds upon this multi-year track record of proprietary hedge fund investment experience, which has demonstrated strong outperformance relative to benchmarks.
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Yacht-loving Malaysian billionaire Lee Seng Huang is leading SHK & Co into fund management
Sun Hung Kai and Company is aiming to raise between $200 million and $300 million for a just-launched real estate debt fund as it expands its investment management business regionally.
Co-founded by the patriarch of Hong Kong’s Sun Hung Kai Properties but under separate ownership for decades, Sun Hung Kai and Company is committing $100 million from its own balance sheet to kick off the fund, the HKEX-listed firm said in a Thursday press release.
The vehicle, which is led by portfolio managers Simon Tozer in Melbourne and Rai Katimansah in Singapore aims to invest in first and second mortgages for commercial and residential real estate in Asia-Pacific over its five-year life.
HK-based SHK sets up real estate debt fund, seeks to raise up to $300m
Hong Kong. Source: Robert Bye/Unsplash
April 9, 2021
Hong Kong-based alternative investment firm Sun Hung Kai & Co (SHK & Co) has launched a real estate debt fund, targeting to raise $200-300 million to invest in first and second mortgages for commercial and residential property in the Asia Pacific.
The five-year debt fund is managed by SHK’s in-house real estate investment group, Multiple Capital Investment Partners (MCIP). SHK has already committed $100 million to the new vehicle.
In a statement, SHK said MCIP will invest in high-quality mortgage loans in developed markets, for development, repositioning, or refinancing of the properties. Its targeted markets include Australia and New Zealand, Greater China, South Korea, and Southeast Asia. Assets in the UK and selective EU countries will also be considered on an opportunistic basis.
Sun Hung Kai & Co. Launches Real Estate Debt Strategy with US$100m Commitment
EQS-News / 08/04/2021 / 17:21 UTC+8
Real Estate Debt Strategy with US$100m Commitment
Sun Hung Kai & Co. Limited (SEHK: 86) ( SHK & Co. ) announced the launch of a real estate debt fund managed by its in-house real estate investment group, Multiple Capital Investment Partners (MCIP). The team is targeting to raise between US$200 and US$300 million for the fund, which will invest in first and second mortgages for commercial and residential real estate in Asia-Pacific over its five-year life. SHK & Co. has committed US$100 million of capital.
MCIP is focused on investing in high-quality mortgage loans in developed markets, for development, repositioning or refinancing of the properties. Target markets include Australia and New Zealand, Greater China, South Korea, and Southeast Asia. The United Kingdom and selective European Union countries will also be considered on an opportunis