Ex-Highland executive preps hedge fund buildup at $12bn Onex

By Lawrence Delevingne

Wed Jul 28, 2010



Jack Yang talks about his plans to expand the firm's $900 million hedge fund platform.


Jack Yang is moving briskly to expand the hedge fund business of Canada's largest private equity firm.

The former partner and business development chief at Texas hedge fund Highland Capital Management was recently hired as the managing partner of Onex Credit Partners, the credit-focused hedge fund unit of $12 billion Toronto private equity group Onex Corporation, which is sometimes referred to as the "KKR of Canada."

Less than a month into his new role, Yang is searching for Manhattan office space, hiring the unit's first marketers, and considering additional funds for the existing strategies.

"The point is to develop the firm into a larger, institutional-quality manager," said...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to Absolute Return subscribers and trialists only.

To continue reading please, take a free trial, subscribe or log in.


Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now