Double Haven closure underlines pandemic effects | Alternatives
Double Haven closure underlines pandemic effects The failure of an experienced investment team to raise capital for a new and well-performing distressed debt strategy highlights the challenges posed by Covid – including personal ones. While vaccine rollouts suggest an end is in sight for the Covid-19 crisis, the closure of a long-standing Asian credit manager shows that the pandemic continues to take its toll on the investment industry. The decision last month to shut down Hong Kong’s Double Haven Capital has highlighted not only how tough it is for new strategies to raise capital in the...
Source: asianinvestor.net