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 umbrella fund with a 'Segregated Portfolio Company' structure, and will invest in the single strategy funds.
We will be launching two more single strategy funds, in 2004 and 2005 respectively, says Edgar Chuan,...
