Wednesday, 17 September 2014
Last updated 4 hours ago
Dec 22 2009 | 12:27pm ET
Millennium Management’s former top man in Asia is (probably) going into business for himself.
Albert Ee, who left New York-based Millennium last month after almost two years at the firm, plans to launch a macro hedge fund as soon as February. AE Capital Management will debut with between US$10 million and US$20 million.
Ee told Bloomberg News he’s leaning strongly to starting his own firm, although he’s still considering offers to join an existing business.
“It’s basically choosing the best option,” he said. “Either I manage a large sum of money for an institution, with the liberty and freedom to do what I want within risk limits, or I start my own operation.”
Ee has already applied for exempt fund manager status in Singapore. Should he go the hedge fund route, he hopes to increase AE’s assets under management to US$300 million within three years, while building its team up to six, including a pair of portfolio managers.
"I’m going to spend my time creating a track record first,” he told Bloomberg.
Ee served as managing director of Millennium’s Asia business from January 2008 until last month. He described his departure from the Israel Englander-led firm as amicable. Before joining Millennium, Ee headed Asian operations for Tribeca Global Management, the former Citigroup hedge fund unit.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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