Launches & Closures

2009 to see a spate of quality launches


Despite the grim market scenario, AsiaHedge has heard of at least 10-15 more launches in 2009, as highly experienced former bank proprietary traders and hedge fund executives start their own funds.

Most have managed significant amounts of money across various bull and bear runs, and therefore are reluctant to accept unfavourable seeding terms, preferring to start small with family and friends money in the region of $10-25 million.

Upcoming managers include Edwin Wong (ex Lehman Brothers), Mark Devonshire (former prop trader with Merrill Lynch) and Ben Fuchs (also from Lehman Brothers).

Prime brokers are getting a lot more