Wednesday, 8 July 2015
Last updated 8 hours ago
Sep 2 2011 | 9:40am ET
The former co-CEO of a hedge fund set up by Singapore's sovereign wealth fund has joined a private equity firm backed by the same.
Charles Ong will lead RRJ Capital with his brother, Richard. Richard Ong founded RRJ earlier this year after his China-focused p.e. firm Hopu Investment Management shut down. The new firm has raised about US$2 billion.
Charles Ong will remain a senior managing director for special projects at Temasek Holdings, where he has worked since 2002, the sovereign fund said. He stepped down as co-CEO of Temasek's US$2.9 billion Seatown Holdings hedge fund earlier this year.
Charles Ong worked at Lazard Freres & Co. and Deutsche Bank before joining Temasek; his brother worked at Goldman Sachs.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…