Friday, 29 August 2014
Last updated 12 hours ago
Mar 9 2010 | 3:52am ET
A former DKR Oasis Management hedge fund manager and a former Deutsche Bank proprietary trading desk chief have founded a Hong Kong-based relative value shop.
James Tu and Wang Bing are among the four co-founders of Nine Masts Capital. The new firm plans to launch its debut fund in the second quarter, a capital-structure arbitrage fund investing in Asian stocks and bonds, Bloomberg News reports. Tu serves a senior portfolio manager, and Wang as chief investment officer.
Nine Masts’ portfolio will be divided among four strategies. The fund will seek out opportunities in long/short credit within a single company, paired credit and equity investments, arbitrage and event-driven situations.
Tu managed convertible bonds, volatility and equity arbitrage investments for DKR Oasis, where he had worked since 2002. Wang set up Boaz Weinstein’s Saba Principal Strategies prop. desk in Asia, leaving the firm in December 2008 when Deutsche Bank decided to shutter Saba. Weinstein last year founded his own hedge fund, Saba Capital Management.
Tu and Wang are joined at Nine Masts by Ron Schachter, another Saba veteran, and Glyn Treasure, the new firm’s chief operating officer, who joined from JPMorgan Chase.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...