Independent hedge fund seeder, IMQubator, which is backed by the investment of one of Europe’s largest pension funds, is searching for two emerging managers for the final mandates in its current fund of funds.
The $51.2bn Public School Employees’ Retirement System of Pennsylvania (Penn. SERS), one of the largest public pension plans in the US, has made a $100m private equity commitment to the Bain Capital Asia Fund II in October.
Baring Asset Management (Barings) is gearing up to launch a new fund focusing on Indian equities and equity-related securities of companies listed in India or which carry out the predominant part of their economic activity in the country.
UBS Global Asset Management’s Global Real Estate business (GRE) has been awarded a €500m mandate by Germany’s largest pension fund, a portion of which is reserved for Asia-Pacific real estate managers.
Man Group, the UK-based alternative investment management business, today announced the appointment of Yifei Li as country chair for China; a significant step in the hedge fund firm's expansion plans in Asia.