Launches & Closures

Hong Kong-based Abax makes comeback with macro strategy


Following a difficult year, Hong Kong-based Abax Global Capital is staging a strong comeback with the launch of an Asia macro fund, positive performance within its existing funds, and net inflows across the strategies it manages. Abax founding partner Danny Yong and his team in Singapore have been running the Asia macro strategy as a managed account for Tudor Investment Corporation since August 2008. With year-to-date performance exceeding 5%, and the new strategy gaining traction, Yong believes it is the right time to launch it as a standalone fund and open it up to external capital.