Allan Finnerty appointed by Maso Capital for new hedge fund in Asia

(Reuters) – Maso Capital has hired former Mount Kellett Capital executive Allan Finnerty for a top role at the hedge fund being set up by former managing directors of Och-Ziff Capital Management Manoj Jain and Sohit Khurana.

Finnerty has joined as a chief operating officer to help the Hong Kong-based hedge fund launch by the end of 2012, two sources familiar with the matter said.

Finnerty, whose previous employers include Morgan Stanley and Goldman Sachs, was the chief financial officer for Asia at private equity fund Mount Kellett, according to his Linkedin profile.

(BN) Cavenagh Hedge Fund Gets Dutch Pension Money, Moves to Amsterdam from Asia

Article First Ran June 14, 2010 – Want to move to Amsterdam? IMQubator, a Dutch based hedgefund incubation firm is seeding fund managers. However, they request your presence in the Netherlands.

Cavenagh Hedge Fund Gets Dutch Pension Money, Moves to Europe

June 14 (Bloomberg) — Cavenagh Capital, set up last year by former Morgan Stanley and DBS Holdings Ltd. managers in Singapore, will start a new macro hedge fund in July after getting money from the biggest Dutch pension fund.

Want to move to Amsterdam? IMQubator, a Dutch based hedgefund incubation firm is seeding fund managers. However, they request your presence in the Netherlands.

Morgan Stanley Private Equity Asia Targets US$1.5 Billion Fourth Fund

(DOW JONES) It is in the early stages of fundraising for its fourth vehicle, which will target deals in China and South Korea, the person said. The firm in 2007 closed around a US$1.5 billion third fund that it previously said has a five-year investment period, followed by a five-year harvest period.

In March, the firm made a US$300 million investment in Chinese specialty chemicals maker Tianhe Chemicals Group, which is a major producer of lubricant-oil additives and fluorochemicals used for purposes such as making water-repellant surfaces, Dow Jones Newswires previously reported. Last year, Morgan Stanley Private Equity Asia made a US$100 million investment in China XD Plastics Co. and US$50 million in Yongye International Inc., a seller of agricultural nutrients.

SOURCE:

• DOW JONES

Reuters: Buyout firms fund raisings in Asia

June 6 (Reuters) – Private equity firms raising new Asia
funds, and some recently closed funds:

CARLYLE GROUP
Carlyle is raising around $3.5 billion for a new Asia
fund.

Morgan Stanley Private Equity Asia Targets US$1.5 Billion Fourth Fund

(Dow Jones) Morgan Stanley’s Asia-based private equity arm is gearing up for a roughly US$1.5 billion new pan-Asian fund, according to a person familiar with the matter.

It is in the early stages of fundraising for its fourth vehicle, which will target deals in China and South Korea, the person said. The firm in 2007 closed around a US$1.5 billion third fund that it previously said has a five-year investment period, followed by a five-year harvest period.

Citi hires talent for prime unit serving trades and hedge funds in Asia

(Reuters) – Morgan Stanley’s (MS.N) head of prime brokerage sales for Singapore, Carl Davey, will be leaving the firm after 16 years to join Citigroup’s (C.N) unit providing services such as clearing trades and lending money to hedge funds in Asia-Pacific.

Davey will lead prime brokerage sales at Citi for Greater China region and is among one of the four hires by the Wall Street bank this quarter, David Murphy, head of Citi’s prime finance unit for Asia-Pacific, told Reuters, confirming the hire.

Other hires include David Stanbridge, former chief operating officer at Hong Kong-based hedge fund Kilometre Capital.

A Morgan Stanley spokeswoman said Davey was on gardening leave and will be replaced by Stella Jaeger, an executive director in the prime brokerage sales team based in Singapore.

The hire is part of Citigroup’s plan to gain market share in the fiercely competitive industry which is led by Goldman Sachs (GS.N), Morgan Stanley and Credit Suisse (CSGN.VX) in the region.

Citi is ranked No. 7 prime broker in the region with assets under management of about $6 billion and 72 mandates, a survey released in May by industry tracker AsiaHedge showed.

SOURCE:

• Reuters

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