Family office opens its doors

Eliza Lau, CIO for SAIL, the fund of hedge fund business launched by Robert Miller''s Search Group, discusses strategy.

Search Investment Group is the Hong Kong-based family office of billionaire Robert Miller, who is best known for founding the Duty Free Shop chain. In 2003, the Search Group spun off its fund of hedge funds business into a new fund management company, SAIL Search Alternative Investment Limited, and opened the funds to outside investors.

Eliza Lau, CIO, joined SAIL in 2003 from Singapore-based hedge fund, JL Capital. Previously, she spent 12 years with Salomon Brothers, initially in equity and fixed-income research in New York, and later managing global discretionary portfolios and setting up of the group's Asian hedge funds.

What's the rationale behind Search...

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