SAC Capital, owned by Steve Cohen, one of the best known hedge fund managers in the world, has recently made some new additions to strengthen its equity l/s portfolio management team. According to AsianInvestor, the firm has hired a number of employees from Hong Kong. Shantanu Nagpal, formerly of Brevan Howard, has recently joined the…
Tag Archive: Hong Kong
Nomura Holding’s Benjamin Fuchs to Launch Hedge Fund in Hong Kong
According to anonymous sources, Benjamin Fuchs of Nomura Holdings Inc.’s Global Opportunities Group has plans to launch his own hedge fund in Hong Kong with a target of at least $400 million. According to a marketing document witnesses by Bloomberg, Nomura may be backing the “commingled” fund with $200 million. BAF The new fund will…
Hong Kong Approves PCA Investments
As the hedge fund industry increases its interest in Asia, dozens of firms have applied for licenses in Hong Kong. The city has recently granted PCA Investments with an asset management license. The hedge fund plans to raise more than $750 million. PCA, or Principia Capital Advisors, plans to begin with CTA (commodities trading advisors),…
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…
Asian Hedge Funds Sky-Rocket
China Heading Up or Down? Although China-based hedge funds didn’t do so great last year compared with peers around the world, interestingly they still “took in money almost twice as fast,” netting inflows of US$3.5 billion (marking a 23 percent growth), significantly higher than the entire global hedge fund industry (which was 14 percent). In…
Sze Registers Azentus Capital in Hong Kong
Goldman Sachs’ former star trader Morgan Sze is making some real progress in his effort to launch his $1 billion+ hedge fund. Just this week he registered Azentus Capital with the Hong Kong market supervisor. Sze ran the Goldman Sachs’ Principal Strategies group in Asia until February 16th. Five days after his departure he…