Fairfield Straits Lion FSL, a joint venture between $9 billion US alternative investment firm Fairfield Greenwich Group FGG and Singapore asset manager Straits Lion, has announced its second Asian hedge fund investment. FSL and FGG have together invested $20 million in Fairfield Ludgate Hill Asian Arbitrage Fund.
FSL will also share in economics of the new fund.
Hong Kong-based Ludgate Hill was founded by Mike Djen in 2002. Earlier this year, FSL invested $25 million in Fairfield Ajia-RPMH Asia Absolute Return Fund managed by John Ricardi.
The FSL JV launched in March 2004 was established with the intention to develop a multi-strategy...