Fund launches & closures

Nomura star Fuchs gets Asian Opportunities green light

by

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

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

Sources say the fund, which has already attracted a significant amount of seed capital, targets to launch with assets of at least $400 million. It is expected to become one