Thursday, 31 July 2014
Last updated 2 hours ago
Jan 11 2011 | 11:56am ET
Last year proved to be a good time for Deutsche Bank’s former top proprietary trader in Asia to strike it out on his own. Wang Bing’s Nine Masts Capital debuted in May; since then, it has grown fourfold and enjoyed its first double-digit year.
The Hong Kong-based firm’s eponymous hedge fund rose about 20% last year, Bloomberg News reports. The capital structure arbitrage vehicle profited from a spurt in new issuance by Asian companies as well as the dearth of competition in the space.
Nine Masts now manages more than US$120 million. It launched with just US$30 million in capital from its partners and friends and family.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…