Leland Lim Joins Hands with Allan Bedwick for Asia Hedge Fund Launch
According with people familiar with the matter, two former top traders at Goldman Sachs and Noble Group have joined hands for the launch of a hedge fund in Asia.
The fund's creation comes as global regulatory changes restrict banks from trading with their own money, forcing so-called proprietary desk traders to strike out on their own.
It also comes as investor interest in hedge funds in Asia makes its strongest comeback since 2007 and on the back of the industry's strong performance in 2013.
Leland Lim, who was the co-head of macro trading for Asia Pacific ex-Japan at Goldman Sachs Group Inc, is teaming up with Allan Bedwick, the former head of macro trading in Asia for Noble Group, to launch a macro hedge fund in the second or third quarter of 2014, the source said.
Lim, who joined Goldman in New York in 1997 on the foreign exchange options desk, retired last month from the Wall Street bank, while Bedwick quit the Singaporean commodities firm in January.Source: Chicago Tribune