Friday, 9 October 2015
Last updated 10 min ago
Mar 19 2007 | 11:38am ET
A former Refco executive and ex-LGT Asset Management managing director have been inspired to found their own Asia macro hedge fund.
The Revelation Fund—yes, that is a reference to the Book of Revelation—is a Hong Kong-based startup, the brainchild of Oscar Wong and Edward Chin. In addition to his work at LGT, Wong is also a former CEO of BOCI-Prudential Asset Management. Chin, a former country manager for Man Investments and Asia chief for Refco Alternative Investments, went on to found Hong Kong hedge fund hotel MDE Hedge Center after leaving the troubled futures broker.
The fund's primary strategy is long/short equity while it identifies macro themes for initial investments.
The duo expects to launch with $20 million in assets, Asian Investor reports, mostly from funds of hedge funds and family offices. The strategy aims for low double-digit returns. There is a one-year lock-up, and the fund charges a 1.5% management fee and 20% performance fee.
Wong and Chin hope to attract $200 million in assets within two years.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…