Friday, 28 October 2016
Last updated 58 sec ago
Nov 11 2010 | 11:41am ET
Credit Suisse Group’s star currency trader, Charlie Chan, will launch an eponymous hedge fund next year.
Charlie Chan Capital Partners’ maiden hedge fund will be an Asian macro offering similar to the strategy he and his team has run at Credit Suisse for five years.
Chan has spent a quarter century at Credit Suisse, rising to head of its foreign exchange desk. He and four members of his team are set to leave the bank for the new hedge fund, according to Hedge Fund Intelligence. Credit Suisse will serve as the new firm’s prime broker, but it is not clear whether the bank will seed the fund.
Charlie Chan Capital will be based in Singapore.
Chan is in talks with seeding firms in the U.S. and Europe, Bloomberg News reports. The firm will charge 2% for management and 20% for performance.