Ascalon planting seed capital into Asian hedge funds

Ascalon Capital Managers, the Australian alternatives fund incubator, has been branching out into Asia, where it is investing in funds and also raising capital for its stable of strategies Down Under. Since establishing an on-the-ground presence in Hong Kong in mid-2011, it has invested in two hedge funds in the region. Earlier this month it took a 30% stake in Singapore-based Canning Park Capital, which runs a long-short equity fund. And, in December, it acquired 35% of fledgling…