New Hedge Fund Solaris To Launch Arb. Fund

Oct 25 2010 | 2:12am ET

Solaris Asset Management's maiden fund will debut on Nov. 8 with S$30 million (US$23.1 million) provided by Chinese investors. The Singapore-based firm will focus its fundraising on its home region—and its trading, as well, at least initially.

The fund will not take "directional risks," co-founder Thomas Tey, the former head of equity derivatives at Oversea-Chinese Banking Corp. and most recently an executive at the Singapore Exchange, said.


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