CalPERS Allocates 100 Million to Asian Credit Fund
A brief sigh of capital raising relief for Asian hedge funds as the California Public Employees’ Retirement System (CalPERS) invested US$ 100 million into Double Haven’s long/short credit fund. In 2011, Asia-based Double Haven spun out of Sparx Group Co Ltd, a major Asian asset manager. To put the importance of the hedge fund investment into perspective, in August 2012, Double Haven managed US$ 160 million.
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