Maples and Calder advised East Point Asset Management in respect of the launch of their first fund involving a seed commitment of $150 million from Hong Kong-listed financial services firm, Sun Hung Kai & Co. Schulte Roth & Zabel LLP acted as international legal counsel to East Point and DLA Piper acted as Hong Kong counsel to SHK & Co.
Hong Kong-listed financial services firm Sun Hung Kai & Co has committed US$150 million as seed funding for East Point Asset Management, which is now operating independently as an alternative asset management firm.
East Point is a newly established independent hedge fund firm that seeks to deliver consistent risk-adjusted, absolute returns, and according to a statement from SHK & Co, remains unchanged from SHK & Co’s own strategy. The partnership and seeding of East Point was conducted through SHK & Co.’s fund management platform.
Maples and Calder advised East Point with a Hong Kong based led by Co-head of the firm’s Asia Funds & Investment Management team, Ann Ng (picture) and assisted by Associate, Josie Ainley.
Law Firms: Maples and Calder (Ireland) LLP;
Clients: East Point Asset Management;