Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Australia Hedge Fund Seeks to Double AuM

Nov 13, 2013
Jing Chen

Australian hedge fund firm LHC Capital is looking double its assets after experiencing a phenomenal year.

Bloomberg reported that LHC, which returned 33% this year, is seeking to raise about $4.6 million to $9.3 million from family offices. The firm gained from bets on health-food maker Freedom Foods Group and specialist drugs developer Mayne Pharma Group.

LHC chief investment officer Stephen Aboud told the publication that the firm’s “very good year” is its “opportunity to grow.”

LHC is the best-performing hedge fund in Australia among firms with more than $47 million in assets.

 

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