Fund launches & closures

Chester Kam and Stanley Ku partner for big comeback fund

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Two prominent names in the Asian hedge fund space are teaming up to launch an Asian macro hedge fund aimed at combining their trading talent honed at Western bulge bracket banks. Chester Kam, former CIO of Alphadyne Asset Management, is understood to have joined hands with ex-Minerva Capital founder Stanley Ku to launch the fund most likely in the third quarter of this year.

The fund is expected to start with $200-250 million, but industry sources say the Hong Kong-based launch is generating considerable buzz among investors given the pedigree of the PMs and is expected to scale