Ex-Rabobank Traders Launch Asia-Focused Hedge Fund

Oct 3 2011 | 8:10am ET

Two former Rabobank traders are betting the next century will belong to Asia: Chin Pu Ma and Chien Wang launched the Asian Century Fund—an opportunistic, Asia-focused, long/short equity vehicle—on October 1.

Target size for the Netherlands-based hedge fund is €10 million by the end of 2011 with an ultimate goal of €250 million. A source close to the fund told FINalternatives that the partners are “well on track” to achieving their 2011 target.

The fund combines the top-down and bottom-up strategy employed previously by CIO Ma who has managed proprietary money for a number of Dutch banks, including Rabobank. The portfolio is a blend of long-term views, investment themes and a value approach. The core theme, as stated in a company press release, is that “this century will be the century of Asia.”

The fund charges standard fees of 2% and 20% and is targeting annualized absolute returns of 15-30%.

Ma joined Rabobank International in Utrecht in 1994 as an interest rates (IR) derivatives quant, and became an IR options trader in 1996. From 1997 to 2000 he managed complex IR derivatives portfolios as a senior IR derivatives trader in London, initially with HSBC and later with Commerzbank. In 2001 he joined Fortis Bank in Amsterdam as a senior proprietary trader in equities and convertible bonds, leaving in June 2003 to become co-head of global arbitrage at Rabo Securities in Amsterdam. He left Rabobank in June 2009.
 
COO Wang began his professional career at Robeco Asset Management in 2002, where he was a quantitative researcher for investment strategies at the quantitative research department. In 2003 he moved to DresdnerVPV, as a portfolio manager, but left in 2005 to join Rabobank International as a senior fixed-income analyst, focusing on IR and IR derivatives trade ideas. From 2009 to 2011, Chien was a director in the securitization department at Rabobank International.


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