Another portfolio manager from the recently shuttered PCA
Investments operation in Hong Kong is understood to be
preparing to launch a new hedge fund vehicle.
Industry sources say that Xiao Lin has approached several
investors in recent months for her planned pan Asia-focused
long/short fund Excella and has attracted significant interest
for the initiative.
AsiaHedge recently reported that Eddie Lau, former PCA
Investments founder and portfolio manager, is launching his own
fund under the newly established hedge fund platform, Square
Mile Advisors. Lau's fund will focus on capital structure
While Excella's mandate would be to invest around the
region, sources say the strategy will mostly focus its
firepower on Greater China markets. Lin did not respond to
Lin started working at PCA in September 2011 and left in
late January this year. PCA was forced to shut down following
the decision of its sole seeder and investor, the Chinese
sovereign wealth fund China Investment Corp, to redeem its
investments from the group.
Before her time at PCA, the Amherst-educated Lin worked as a
portfolio manager at the Aegis hedge fund group in Hong Kong
for over a year, and before that was at JANA Partners Asia.
Lau co-founded PCA Investments in 2011 with Beijing-based
Hang Hu, who served as the fund's CIO, after the duo received a
substantial amount of seed money from China Investment