Taking US-listed Chinese companies private is looking sweet for private equity firms that can capitalise on cheaper valuations.
No fanfare this time, as the founder of Abax Global Capital starts investing for his new hedge fund in Hong Kong, Kilometre Capital Management.
The Singapore pulp producer will use the funding supplied by the Hong Kong-based hedge fund to refinance debt and to construct a new pulp plant in Kalimantan.
Abax to deploy an initial $300 million capital drawdown in one of AsiaÆs biggest-ever hedge fund starts.
Merrill Lynch continues its hiring spree as mandates roll in.
MSIMÆs involvement means Abax may debut with up to $1 billion of assets.