Credit Suisse’s Chan To Launch Macro Hedge Fund

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of