Sail launches new fund of funds
The Sail Asia Focus Fund has a target size of $300 million and will adopt a more opportunistic angle than the existing Sail Pacific Explorer fund.
Sail Advisors, an arm of Robert Miller's alternative investment firm Search Group and the largest fund of hedge funds platform in Asia, has launched a new pan-Asia product. The Sail Asia Focus Fund launched in January, seeded with $30 million and has a target of $300 million.The new fund will be run by Eliza Lau, who will act as CIO, along with Denise Hu and Kamni Bharwani. It has a target return of Libor plus 10% and has projected volatility of 10%. Maximum leverage for the new fund …
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