Launches & Closures

Maso, Tristar and Red Cliff lead a raft of new start-ups launching in November


Several new Asian hedge fund start-ups are launching in either November or early December buoyed by improving sen-timent and expectations of clearer market direction once the US presidential elections have taken place.

These include Maso Capital’s event-driven convertible bond arbitrage fund; Tristar Capital’s multi-strat vehicle; Arena Capital’s Japan focused long/short fund; and Red Cliff Asset Management’s macro fund.

Hong Kong-based Maso is spearheaded by two former managing directors at Och-Ziff Capital Management, Manoj Jain and Sohit Khurana.

The group is understood to be launching with at least $100 million in early December, but aims to raise as much