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Former Azentus Manager Launching Asian Hedge Fund
The chief investment officer, Michael Garrow, of the HS Group, a Hong Kong-based investment management firm, announced that Mohan Rajasooria will be launching a new hedge fund, Zaaba Capital. Rajasooria left Morgan Sze’s Azentus Capital Management earlier this year, and hopes to open is new fund with a minimum of $250 million from institutional clients, […]
Jeffrey Yap Launching New Asian Hedge Fund
The former head of the Asian fixed-income trading at Mizuho Financial Group, Inc, Jeffrey Yap, is making plans to launch his own Hong Kong-based credit-focused hedge fund. Joining Yap at the fund, called Ark One Ltd, will be two other founding partners, unidentified for now. The plan is for the fun to begin accepting investors […]
HSBC Appoints Nine New Seniors in Asia Pacific Region
HSBC Holdings PLC recently announced the appointment of Tim Franks as head of hedge fund sales in Hong Kong, as well as eight other senior appointments in its Asia Pacific units. The move comes as the bank begins to boost its prime services, which lend cash and securities to hedge funds as well as accommodate […]
Dymon Asia Capital Hires Former Goldman Executive David Chan
In a move to boost its interest-rate trading, Dymon Asia Capital has hired former Goldman Sachs executive David Chan as CEO. Chan will also be a partner at the leading Singapore-based hedge fund. Chan, the former head of macro trading at Goldman, will shift focus to managing Dymon’s investment team, according to founder Danny Yong. […]
Funds Finally Fall
Hedge Fund May Decent After nearly a year of encountering a “winning run,” hedge funds plummeted 1.2 percent in May. According to Eurekahedge Pte this is due to the escalation of market volatility from Europe’s sovereign debt debacle. The last time the Eurakahedge Hedge Fund Index – which tracks over 2,800 funds around the world […]
Sweet Songs of Singapore
Singapore: New Popular Financial Environment Singapore seems to be Asia’s new financial hubbub. Hedge funds are looking to the country that’s industry is fast developing, as well as expanding services for fund administration. It is also perhaps not too surprising that there has been such increased interest from investment and fund managers, as well as […]
Hedge Fund Raises Funds for Japan
Man Group Assists Post-Japan-Trauma The Man Group has been working hard on helping out Japan. It has just raised $1.5bn for a new hedge fund that will be run from Japan. It did way better than it expected. It actually only thought it would make a third of that amount, rendering it the Man Group’s […]
Senrigan Capital Group Passes $1 Billion Mark
Hong-Kong’s Senrigan Capital Group has just passed the $1 billion dollar mark, making it one of the more successful firms in Asia. Senrigan was founded a little over a year ago by Nick Taylor, former Citadel Investment Group Asia investment chief. The firm debuted with around $220 million, $150 of which came from the Blackstone […]
Ping-Ponging World Stocks
There’s bouncing and then there’s mega-bouncing. It seems like global stocks don’t know which way to turn next and just keep on bouncing around. One minute things are looking great and people are ready to pop open the champagne and at other times it looks like a disaster and depression looms. So what is really […]