Swiss Cap aims for tenfold expansion in Asia

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% long/short equity with the remainder arbitrage, distressed debt and credit derivatives. About 30% of the fund is invested in Japan. This fund of…