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SIAM Seeks To Buy Two RAB Capital HFs

Sunwah International’s asset management arm Sunwah International Asset Management is seeking to acquire two funds from RAB Capital.

Sunwah International’s asset management arm Sunwah International Asset Management (SIAM) is seeking to acquire two funds from RAB Capital, Hedge Funds Review reports. RAB Capital’s Energy Fund and Octane Fund collectively manage about $300 million in assets.

The deal is expected to be completed by August 2011. SIAM is also in talks with an Asian alternative asset manager to secure about $50 million for the two funds and another $200 million to backstop redemptions and secure the funds’ capital.

Click here for the story from Hedge Funds Review.

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