Ascalon takes stake in hedge fund RV Capital

Ascalon Capital Managers, an Australian alternatives fund incubator, has taken a 30% stake in Singapore-based RV Capital Management, which runs an Asian fixed income hedge fund.   The deal includes an investment into the firm’s Asia Opportunity Fund, launched last year by RV founders Ranodeb Roy, Morgan Stanley’s former Asia-Pacific head of fixed income trading, and Vickram Mangalgiri, a former adviser at Pimco. The fund was reportedly up 21% last year and has assets under manag…