Hedge Funds

CSFB, Tiger alum launching fund of funds

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Longtime prime brokerage executive and former Tiger management trading chief Ted Wong is preparing to launch a global multistrategy fund of funds group that is expected to include many long-closed U.S. and Asian managers.

Wong, whose departure from CSFB was announced in an internal memo last week, is expected to draw on his experience there and at Tiger, Goldman Sachs and Salomon Smith Barney to include several of the industry's top hedge fund mangers in his new offerings.

Constellar Capital is said to be opening its New York office by year-end with at least $100 million of start-up