Northwest Investment Management looks to raise $250 million for Asia-focused Northwest Equity Alpha

February 27th, 2011
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Northwest Investment Management is aiming to raise a total of $250 million from institutional investors for a new hedge fund, according to an article from Bloomberg. The new offering, the Northwest Equity Alpha Fund, will employ a market-neutral strategy and will rely on fundamental analysis to select stocks in Hong Kong, China, Japan, Taiwan, and India. The fund will concentrate its bets, limiting its exposure to no more than 15 investments in each country.

To assist in its research efforts, Northwest recently hired former UBS executive director of equity sales, Nial Gooding, who focused on Greater China while at UBS.

Northwest Investment Management expanded its asset base by 37% in 2010, and 75% of its assets now come from funds of funds, up from 70% in 2007. The hedge fund manager is based in Hong Kong and was founded by George Philips and David Rogers in 1998.
For Detailed Investor Profiles on these Investors, click below:
Northwest Investment Management
Related People: David Rogers; George Philips
Related Entities: LMA SPC; Northwest China Opportunities Fund Ltd; Northwest Fund Limited; Northwest Warrant Fund Ltd; Northwest Investment Management Ltd; RAB Capital*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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