Hedge fund Arrowpoint seeks new money by March


Hong Kong: Arrowpoint Investment Partners aims to raise as much as US$400mil of fresh capital by the first quarter, as the multistrategy hedge fund firm expands the number of investment teams, says a person with knowledge on the matter.

The US$1.2bil firm, helmed by former Millennium Management Asia co-chief executive officer Jonathan Xiong, is accepting additional money for the first time since October.

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