Warrants Capital, a subsidiary of Malaysia-based telecommunications company Silver Ridge, and investment services firm Huatai Financial Holdings (Hong Kong) are set to establish a $500m fund private equity fund in January, according to Malaysian business news source the Business Times. The fund, to be known as the Huatai Von Malaysia Fund, will invest in businesses based in the commodities and natural resources markets, and has secured seed funding of about $5m from companies and cornerstone investors. Alan Voon, chief executive of Warrants Capital, has stated that the fund will focus its investment on high yield local stocks. Stephen Wong, financial director of Huatai, said: "We believe Malaysia is attractive because Malaysia has a strong diversification of economy, although palm oil, tin, petroleum and other commodities are an important part of the Malaysian story." Additionally, the two firms have signed an agreement that will see Warrants Capital market Huatai’s financial products, including the Huatai HK RMB Stable Fund.

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