Swiss Capital Alternative Investments SCAI, the Hong Kong-based subsidiary of Swiss Capital Group, has disclosed ambitions to increase the size of its Asian Strategies Fund from $20 million to $200 million.
SCAI opened its Hong Kong office in April 2004 and launched its Asian fund of funds in August 2004. It is a multi-strategy fund, 55% longshort equity with the remainder arbitrage, distressed debt and credit derivatives. About 30% of the fund is invested in Japan. This fund of funds invests in 17 managers, 11 of which SCAI has had a previous track record of investment over several years.
The Asian fund has a target...
