Swiss Cap aims for tenfold expansion in Asia

The group''s alternative investment arm is expanding its fund of hedge funds business in Hong Kong.

Swiss Capital Alternative Investments SCAI, the Hong Kong-based subsidiary of Swiss Capital Group, has disclosed ambitions to increase the size of its Asian Strategies Fund from $20 million to $200 million.

SCAI opened its Hong Kong office in April 2004 and launched its Asian fund of funds in August 2004. It is a multi-strategy fund, 55% longshort equity with the remainder arbitrage, distressed debt and credit derivatives. About 30% of the fund is invested...

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