Bloomberg – Northwest Investment Management Ltd. has doubled its assets since the Hong Kong-based hedge-fund manager was sold last year by RAB Capital Plc, which lost money in 2008 on a Northern Rock Plc bet.
Northwest’s assets under management have risen to almost $680 million, said Mark Smith, its Hong Kong-based head of business development, in an interview on April 30. The firm, acquired by RAB in 2006, oversaw about $300 million when principals George Philips and David Rogers bought it back from London-based RAB in April 2009.
