Jacky Choi’s Zeal China Fund surpasses $200 million, Seeks Global Reach through pact with Blackstone’s Park Hill Unit

June 6th, 2011
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On the heels of its peer-leading, first- year performance, both in terms of asset growth and investment return, the Asia-based Zeal China Fund has partnered with the Park Hill unit of Blackstone Group LP to expand its global reach. According to Reuters, the pact will enable Zeal Asset Management, led by Jacky Choi, former senior manager of the $9 billion Value Partners fund, to focus on investment performance, while Blackstone uses its massive, global Rolodex to rope in global institutional investors.

The Zeal China Fund, which has grown its assets under management from $40 to over $200 million since it January 2010 founding, has outperformed its peers with a 24.6 percent return through its first 15 months.
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The Blackstone Group
Related People: Peter G. Peterson; Stephen A. Schwarzman
Related Entities: Blackstone Kailix Advisors*; GSO Capital Partners LP
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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