Thursday, 27 April 2017
Last updated 3 min ago
May 27 2011 | 12:33pm ET
Tiger Asia Management veteran Hugh Kim has lined up about $30 million in seed capital for his new hedge fund.
Kim is still meeting with potential investors, including at a Morgan Stanley capital introduction conference in Beijing this week, Reuters reports. His New York-based Greyson Capital Management is expected to launch its maiden hedge fund in the third quarter.
Kim's sessions at the Morgan Stanley conference were well-attended, according to Reuters, although his New York base—at a time when Western hedge funds are racing to establish Asia bases—and his high gross exposure worry some potential clients.
Greyson will employ an Asia-focused long/short equity strategy.
Kim left Tiger Asia in March after almost five years with the firm. He formerly worked at private equity firm Fenway Partners and at McKinsey & Co.