Galaxy to launch new event-driven fund

Hong Kong hedge fund manager Galaxy Asset Management has had a successful year with its pair of Greater China-themed funds and plans to launch a new strategy next month, having made two new hires to that end. The Galaxy China Special Situations Fund will have an event-driven strategy and seek to mainly capture PIPE opportunities (private investments in public equity) in companies that are involved in mergers, asset injections and restructuring. It will also invest in pre-IPO deals am…