Infiniti Capital Launches Multi-Management Investment Fund

Starting in November, Infini Capital Management, a Hong Kong-based firm, initiated the launch of a novel investment fund that includes multiple managers. The multi-manager battleground is heating up with the rise of hedge fund competition, which is on the rise. Next year, the manager from Hong Kong has plans to extend its presence into Abu Dhabi.

The trading of the new flagship fund, Infini Global Master Fund, commenced with self-seeded capital originating from its previous proprietary fund. According to two knowledgeable sources, Infini has set a goal to expand its fund, which accepts outside investors, to $1 billion by 2024.

The launch is happening at a time when investors are showing increased interest in multi-manager platforms. These platforms have the ability to invest in various asset classes and aim to achieve profits consistently, irrespective of economic cycles. In recent years, multi-manager funds have demonstrated superior performance compared to the broader industry. According to one of the sources, the firm's previous Infini Master Fund achieved a 20 percent gain from January to July.

Infini, founded by Tony Chin, a former Morgan Stanley banker, has been on a hiring spree this year. The fund now has about eight to 10 portfolio managers and is hiring more staff, according to one of the sources.

On the non-trading side, the firm recently filled a raft of senior roles from bigger rivals. Jennifer Wong joined Infini in September from Pinpoint as head of IR, Stephanie Chen joined as chief risk officer from Dymon Asia, while it hired Connie Phillips as chief financial officer from BFAM and Cora Ang as general counsel and chief compliance officer from Hillhouse.