HONG KONG, June 21 (Reuters) - Arrowpoint Investment

Partners, one of Asia's largest hedge fund launches this year,

said on Friday it has secured investment from the Canada Pension

Plan Investment Board (CPPIB) and a unit of Singapore's Temasek

Holdings.

These sovereign wealth funds followed Blackstone, which had

already seeded the new Singapore-based fund.

"Blackstone, Temasek, and CPPIB have confirmed their support

as our seed backers," said Joo Lee, co-founder and chief

technology officer at Arrowpoint, in a Linkedin Post.

Bloomberg reported the fund-raising earlier, and said

Seviora Capital, a wholly owned unit of Singapore's state

investor Temasek, was one of the seeders.

Arrowpoint was founded by Jonathan Xiong, former Asia co-CEO

of Millennium Management, a multi-manager hedge fund giant. He

left the firm last September, according to regulatory records.

The fund is expected to start trading in July, with more

than 15 portfolio managers. It has also hired staff in Hong

Kong, according to sources familiar with the matter.

Reuters reported in February the fund had raised about $1

billion.

Arrowpoint didn't respond to a request for comment.

Multi-manager, multi-strategy funds have been increasingly

favoured by investors in recent years due to their relatively

low volatility and their risk diversification.

The launch of Arrowpoint will intensify the talent

competition in the region, challenging existing big hedge funds

such as Polymer Capital Management and Dymon Asia Capital,

market participants say.