Hedge Fund Videos | 30+ Free Videos on Hedge Funds

Starting Hong Kong Hedge Fund

BlackRock, Macquarie, and Millennium Capital Former Employees Eye Hong Kong Hedge Fund Launch

Former employees from BlackRock Inc., Macquarie Group Ltd. and Millennium Capital Management are planning to set up a Hong Kong-based hedge fund which will use computer models to spot trading opportunities in 13 Asian stock markets.
Zentific Investment Management, led by Chief Investment Officer Christopher Lee, will start the market-neutral fund early next year, said HS Group, a Hong Kong-based provider of long-term capital to newer hedge funds, which will be one of its first investors, in an e-mailed statement. The other investors are Zentific partners and unidentified institutions, according to the statement.
Lee, who headed BlackRock’s scientific active equity department in Hong Kong, will be joined by head of research Burke Lau, who led Asia and Japan quantitative research at Macquarie Securities. Michael Friedlander, Zentific’s chief operating officer, used to work for billionaire investor Israel Englander’s hedge-fund firm Millennium, heading a regional team whose responsibilities included risk, operations and technology matters, according to the statement.
Asia’s hedge fund industry was until recently dominated by long-biased funds, which rely on market rallies for returns and can’t generate profits in downturns. Funds that use computer models to process large volumes of information and promise to make money in both market conditions are rare in the region.
Source: Bloomberg

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund Industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Hong Kong Hedge Fund, BlackRock Inc., Macquarie Group Ltd., Millennium Capital Management, Hong Kong, Zentific Investment Management, Christopher Lee, Market-Neutral Fund, HS Group, Burke Lau, Asia, Japan, Macquarie Securities, Michael Friedlander, Asian Hedge Fund Industry.

Link to This Resource: Starting Hong Kong Hedge Fund

Redesign by HedgeCo Website Creation