Descartes to launch four hedge funds

Asian hedge fund house plans for more as well.

Descartes Finance in Hong Kong is to launch four new offshore hedge funds, comprising three single strategy funds and a multi-strategy fund. The four funds, which are expected to begin trading on June 1, are part of a Cayman Islands-domiciled umbrella structure. The funds to be launched in June are a convertible hedging fund, a global macro fund, an equity longshort fund and a multi-strategy fund.

The multi-strategy fund, the Descartes Athena Fund SPC, is an...

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