SWITZERLAND - Swiss-based RMF Investment Management's hedge fund ventures (HFV) unit has entered into a seeding arrangement with the Azura Asia Opportunity Fund for an undisclosed amount.
RMF said HFV has invested a “significant amount” into Azura – a multi-strategy Asia macro fund that generates trade ideas within the context of the broad economic environment.
The fund invests in a number of markets and asset classes with a primary focus on Singapore, Korea, India, Taiwan, China, Hong Kong and Thailand.
Azura Capital Advisors Pte Lt – the advisor to the Fund Management Company – is run by Simran Mulchandani and Sanjay Mansabdar.
Claude Porret (pictured), head of HFV at RMF, commented:
“Simran and Sanjay are very experienced traders and businessmen who have shown they can cope well in different market conditions.
“We are very pleased to have been able to team up with them.”
He added: “With this investment we are strengthening our commitment to Asia and managers based there.”
Azura Asia Opportunity Fund is the eleventh fund sponsored by RMF’s HFV program.
RMF provides hedge fund solutions and offers specialised expertise in leveraged finance and convertible bonds.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).