Welcome to ABAXGLOBALCAPITAL's Blog! http://blogs.transworldnews.com/ http://blogs.transworldnews.com/ TransWorldNews Copyright (c) 2010 TransWorldNews.com en-us http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167926 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167926 Sat, 12 May 2012 19:56:59 GMT Business Nov 3, 2010 9:57 AM from Seeking Alpha Copper-clad bimetallic conductor products manufacturer Fushi Copperweld (NASDAQ:FSIN) looks set to go private after the company’s CEO and Chairman and Abax Global Capital announced an offer to acquire the company for US$11.50 per share in cash. Shares in the company closed yesterday at US$9.10 per share. The offer values Fushi Copperweld at approximately US$434 million. Mr. Li Fu, CEO and Chairman, Abax Global Capital and their affiliates already control 29.2% of the company’s stock, and plan to create a new acquisition vehicle that will fund the acquisition of Fushi Copperweld through a combination of debt and equity capital. The Nasdaq listed, China focused manufacturer has formed a special committee to consider the offer. Yesterday the company posted a 40% rise in its third quarter profits, helped by strong copper prices and a rise in sales volumes from its US facility. For the third quarter, net income was $12.9 million, or $0.34 per diluted share, compared with http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167925 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167925 Sat, 12 May 2012 19:55:07 GMT Business Abax Global Capital launched a private equity fund in mainland China, Bloomberg News reported. The Hong Kong hedge fund manager is backed by Morgan Stanley and plans to start the fund in order to invest in companies making environmentally friendly products. The fund raised about $73 million from Chinese investors, Donald Yang, Abax’s Hong Kong-based president, told Bloomberg News. The fund is sponsored by a large Chinese financial institution. http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167837 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167837 Wed, 09 May 2012 13:19:47 GMT Finance Abax Global Capital, a manager of $900 million of hedge and private equity funds, plans to start a fund for investments in Chinese real-estate projects in partnership with former Beijing-based Merrill Lynch & Co. real-estate fund investment professionals led by Greg Peng, Yang said. It will raise yuan capital from Chinese investors and will target returns of 25 percent to 35 percent from the investments, Yang said. Chinese investors have committed about 1 billion yuan ($159million) to the fund, which is going through business registration and may hold its first close by the second quarter, Yang said. Most of the assets in the Abax global capital special situations fund are in privately negotiated debt and equity securities, including fixed-income, structured loans and private equity types of investments, Yang said. http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167836 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167836 Wed, 09 May 2012 13:17:47 GMT Art Valuations of smaller Chinese manufacturing companies traded in the U.S. plummeted after the global financial crisis. The market value of U.S.-listed Chinese companies has tumbled since November 2010 amid allegations of financial fraud by short sellers such as Muddy Waters Research. The USX China Index, which tracks the performance of U.S.-listed companies that derive most of their revenue from China, has declined 18 percent in the last 12 months. Shares of Sino-Forest Corp., facing allegations from Muddy Waters it had exaggerated its timber assets and operated a Ponzi scheme, have lost 94 percent since the end of 2010 in U.S. over-the-countertrading. U.S. regulatory investigations since 2010 into accounting practices of Chinese companies that gained listing on American exchanges through reverse mergers also damped share prices. Going Private In some of the fund's investments in the privatization of U.S.-listed Chinese companies, such as Harbin Electric, Abax global capital turned its public http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167835 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167835 Wed, 09 May 2012 13:16:36 GMT Finance Abax Global Capital, a manager of $900 million of hedge and private equity funds, plans to start a fund this year to invest in U.S.-listed Chinese companies that will be taken private. Abax global capital special situations fund return 28 percent last year while the HFRI Fund-Weighted Composite Index declined 5 percent last year. . Abax global capital is seeking $300 million initially for the fund, which it may start in the first half, Donald Yang, its Hong Kong-based managing partner, said in an interview yesterday. Managers like Abax global capital are planning funds with multi-year restrictions on redemptions to enable longer-term investments. Swings in frequently traded assets and the high correlation between different markets led to hedge funds' second-worst annual performance last year since at least 1990, according to data tracked by Chicago-based Hedge Fund Research Inc. "It's very hard for a pure public strategy in this market," said Yang. "From a risk-reward point of view, it's going to http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167792 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167792 Tue, 08 May 2012 11:18:59 GMT Business 2012-04-16 06:06pm Abax Global Capital's exceptional performance has resulted in two nominations for the 2012 Eurekahedge Asian Hedge Fund Awards. The finalists will be announced on May 25. Abax global capital is pleased to have been nominated for the Best Greater China Hedge Fund and Best Event Driven Hedge Fund award categories. We are gratified that our commitment to delivering outstanding returns to investors is being recognized in the investment community. http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167791 http://blogs.transworldnews.com/abaxglobalcapital/Post.aspx?postID=167791 Tue, 08 May 2012 11:15:38 GMT Business 2012-02-15 Feb. 15 (Bloomberg) -- Abax Global Capital, a Morgan Stanley-backed manager of $900 million of hedge and private equity funds, plans to start a fund this year to invest in U.S.-listed Chinese companies that will be taken private. Abax global capital is seeking $300 million initially for the fund, which it may start in the first half, Donald Yang, its Hong Kong-based managing partner, said in an interview yesterday. Such investments, including in Harbin Electric Inc., helped the $300 million Abax global capital special situations fund return 28 percent last year. Managers like Abax global capital are planning funds with multi-year restrictions on redemptions to enable longer-term investments. Swings in frequently traded assets and the high correlation between different markets led to hedge funds' second-worst annual performance last year since at least 1990, according to data tracked by Chicago-based Hedge Fund Research Inc. "It's very hard for a pure public strategy in this market,"