Former Deutsche Prop. Trader’s First Fund Up 20% In First Year

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.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note