Hedge Fund Arrowpoint Lures CPPIB, Temasek Unit as Anchors
- Arrowpoint to deploy more than $1 billion by early September
- The hedge fund firm is started by former Millennium executive
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Former Millennium Management Asia executive Jonathan Xiong’s new hedge fund pod-shop has signed up Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings Pte. as additional backers, according to people familiar with the matter.
Canada’s largest pension plan and Seviora Capital Pte, a wholly-owned unit of the Singapore state-owned investor, will join Blackstone Inc. as anchor investors for Arrowpoint Investment Partners’s fund, said the people, who requested not to be named because the matter is private.