Launches & Closures

Citi veteran starts Asian credit strategy under Serica moniker


Ivan Lee, the highly regarded former head of fixed income strategy and analysis at Citigroup Global Markets, has launched a new credit hedge fund in Hong Kong. Joining Lee as partner at Serica Capital is Ben Miller, previously the head of Asia ex-Japan at HBK Capital in Hong Kong and portfolio manager specialising in emerging markets (including Asia) fixed income.

The Serica Credit Balanced Fund will look at the entire spectrum of Asian credits with a primary focus on the public space, both high-grade and high-yield. The firm has set up a five-strong team, including Brali Chung, a