Launches & Closures

Solaris readies RV arbitrage fund launch


Newly established Solaris Asset Management in Singapore is launching a pure relative-value arbitrage fund focused on Asian equities. The fund is starting with $30 million, with most of the capital hailing interestingly from China-based investors. The firm is led by partners Thomas Tey, Wong Jin Boon and Wang Wei Dong, all veterans of the Asian markets.

Thomas Tey

Optimal size for the strategy would be $500 million. The fund targets annual returns of 25%. While investments will initially be Asia-focused, Solaris will consider exposure to the more liquid markets in Europe, the US and Latin