Blackstone Group LP backed the new Asia event-driven fund set up by Nick Taylor, ex-head of Citadel’s principal investments business in Asia and Europe. FRM Capital Advisors, a unit of the London-based fund-of-hedge-funds house Financial Risk Management Ltd., in the fourth quarter invested $40 million in a hedge fund started by Sanjiv Bhatia, former head of Asian investments for Deephaven, with his two ex-colleagues. Fred Schulte-Hillen, chief operating officer of Black’s Link -- named after the hiking and running trail near Hong Kong’s luxury Peak residential area -- declined to comment on its plan. Correa, Abuali Black’s Link’s investment team includes seven people who worked together at London-based Polygon for at least three years, said the people. Correa, 41, and Abuali, 40, are its co-chief investment officers, they said. Correa, who joined Polygon in London in 2005, set up its Hong Kong office the following year and ran it until Polygon decided to shut it down last year. Prior to that, he led the special situations team on Nomura International’s Asia proprietary trading desk.
The venture capital industry can only absorb a certain number of dollars before too much money starts chasing the finite number of ideas with the home run potential that VCs expect.
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stments business in Asia and Europe. FRM Capital Advisors, a unit of the London-based fund-of-hedge-funds h
Blackstone Group LP backed the new Asia event-driven fund set up by Nick Taylor, ex-head of Citadel’s principal investments business in Asia and Europe. FRM Capital Advisors, a unit of the London-based fund-of-hedge-funds house Financial Risk Management Ltd., in the fourth quarter invested $40 million in a hedge fund started by Sanjiv Bhatia, former head of Asian investments for Deephaven, with his two ex-colleagues.
Fred Schulte-Hillen, chief operating officer of Black’s Link -- named after the hiking and running trail near Hong Kong’s luxury Peak residential area -- declined to comment on its plan.
Correa, Abuali
Black’s Link’s investment team includes seven people who worked together at London-based Polygon for at least three years, said the people. Correa, 41, and Abuali, 40, are its co-chief investment officers, they said.
Correa, who joined Polygon in London in 2005, set up its Hong Kong office the following year and ran it until Polygon decided to shut it down last year. Prior to that, he led the special situations team on Nomura International’s Asia proprietary trading desk.
The venture capital industry can only absorb a certain number of dollars before too much money starts chasing the finite number of ideas with the home run potential that VCs expect.
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