Launches & Closures

Commodities-based fund from Iridium

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Iridium Asset Management is readying the launch of the region's first commodities-related Asian equity long/short fund. The portfolio managers are Jason Wang, a former senior proprietary trader at OCBC Bank and ex-GLG investment manager; and Simon Quirke, formerly a senior Asian portfolio manager at Lionhart Advisors. They have also hired a COO who has extensive Tier 1 hedge fund experience. The firm will be based in Singapore where it has already implemented a world-class infrastructure to support the launch.

The fund will focus on commodity-intensive sectors and express its views via delta one equities or commodity derivatives. Unlike