Bloomberg – Northwest Investment Management Ltd., a Hong Kong-based company sold by RAB Capital Plc in 2009, plans to raise $250 million in a year for an Asia-focused stock hedge fund, said Chief Executive Officer George Philips.
The market-neutral Northwest Equity Alpha Fund, which won’t bet on general market direction, is slated to start trading in early April, Philips said in an interview yesterday. The six principals of Northwest, the manager of $750 million assets that Philips co-founded with David Rogers in 1998, will contribute an unspecified amount of the initial capital, he added.
