Hong Kong
VIVIAN Lau, who once co-headed a multi-billion dollar internal hedge fund at Goldman Sachs Group Inc, has attracted backing for her own firm even as many newly minted fund managers are grappling with raising funds.
HS Group, which counts David Bonderman's TPG Capital as a partner, and an unidentified sovereign wealth fund have pledged to invest in the hedge fund managed by Ms Lau's One Tusk Investment Partners, said Michael Garrow, the Hong Kong-based chief investment officer at HS. The commitment is for at least three years, he said, while declining to disclose the amount.
Ms Lau is drawing backers as the US$2.9 trillion global hedge-fund industry faces sub-par returns, investor redemptions...
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