CAI sees prospects in Asian special situations

Central Asset Investments (CAI), a Hong Kong-based multi-strategy hedge fund firm, is considering re-opening its pan-Asia special situations strategy to new investors, says chief executive Eddie Tam. The CAI Special Situations Fund, launched in August last year, takes concentrated positions in specific market opportunities that are also held by its main multi-strategy offering, CAI Global Fund. The special sits vehicle has returned about 100% in the first six months of operation. …