Veteran derivatives trader Yiming Liang has teamed up with former Huatai Asset Management CIO Yang Yang to launch a pan-Asian multi-strategy relative value fund in mid-to-late April. The duo expects the fund to reach $300-$500 million in three years.
Monikered Goldstream Capital Management, the Hong Kong-based firm has so far attracted $50 million for the Goldstream Absolute Return Fund. This capital is sourced mostly from high net worth individuals and family offices, with Liang and Yang together contributing 10% of it.
Liang says the main focus of the fund will be the Greater China area but that they