Launches & Closures

Veteran Ruan spins out of Ajia to set up RAYS Capital


David Ruan
Veteran Asia hedge fund manager David Ruan has teamed up with his cousin, Amy Yip, the former CEO of DBS Hong Kong, in an outfit with an ambition to become a multi-strategy powerhouse in the region.

Ruan, who has built a solid reputation in the industry as a long/short equity portfolio manager, quietly launched RAYS Capital Partners after leaving in November Ajia Partners Asset Management, the Hong Kong-based private investment partnership that he helped build in the past eight years into one of the most well-established alternative investment managers in the region.