LaCrosse Global Fund Services has won a mandate to provide fund administration services to the Flowering Tree Investment Management funds.
The Singapore-based Asian-equities hedge fund started trading in May 2009 and is led by Rajesh Sachdeva. Previously he was co-founder of New York-based Sansar Capital Management, an Asian equities hedge fund manager that managed over $3 billion at its peak.
Flowering Tree Investment Management is reported to be planning to expand its newest Asian equities hedge fund which was seeded with $12.5 million from founders, family and friends.
The fund is set to grow to $15-$16 million by July and is looking to hit $200-$300 million by 2011 and has the capacity to grow to over $1 billion. Flowering Tree’s new fund’s equity long-short strategy is more likely to succeed this year and next year than in 2008.
LaCrosse Global Fund Services provides operations, middle-office and administration services to managers of complex hedge funds globally.
Jean Viry-Babel
senior partner
VBK partners
Filed under: service provider, Flowering Tree, Flowering Tree Investment Management, Lacrosse, Rajesh Sachdeva, Sansar Capital Management
