Launches & Closures

Former Nomura star Fuchs now ready to launch Asian Opportunities vehicle


One of Asia’s most-awaited hedge fund launches this year is finally happening after Nomura star trader Benjamin Fuchs received his license to operate a hedge fund in Hong Kong.

The approval from the Securities and Futures Commission, which came during the weekend, paves the way for his spin-out vehicle, BFAM Partners (Hong Kong), to launch in June its global multi-strategy Asian Opportunities Fund.

Sources say the fund, which has already attracted a significant amount of seed capital, targets to launch with assets of at least $400 million in early June.

The fund is expected to become one of the