Fund launches & closures

Credit Suisse’s star prop trader readies macro Asia spin-out

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Charlie Chan Wai Kheong, the Singapore-based star FX and credit trader and former head of Credit Suisse’s FX Global Strategic Trading Group, is spinning out along with his former CS team in Q1 2011 to form his own hedge fund outfit.

Dubbed Charlie Chan Capital Partners, the firm will launch an Asian macro strategy focusing on the high-octane Asian markets, similar to the strategy Chan and his team have been running highly successfully at Credit Suisse over the past five years, according to market sources.

The fund is expected to trade FX, rates, credit, commodities and equities, thereby