FSL makes second Asian hedge fund investment

Asian arb fund Ludgate Hill receives $20 million from Fairfield Greenwich''s Asian JV.

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...

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