Ex-Temasek Hedge Fund Chief Jumps To Brother's Private Equity Firm

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.

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