Launches & Closures

HK-based Goldstream to launch $50m pan-Asian multi-strat fund

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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