Another Tiger cub is set to leave the lair.
Adam Leitzes plans to launch an Asia equity hedge fund in the second quarter, Bloomberg News reports. Tiger Management's man on the ground in Shanghai has registered his Karst Peak Capital in Hong Kong.
Karst Peak could launch with as much as US$50 million in initial assets.
Leitzes joins a number of traders launching Asia-focused hedge funds, including former Goldman Sachs proprietary trading chief Morgan Sze and former Highbridge Capital Management Asia chief Carl Huttenlocher. He also joins a star-studded cast of hedge fund managers who got their start under Julian Robertson's watch, among them Tiger Global Management's Charles Goleman, Maverick Capital Management's Lee Ainslie, Touradji Capital Management's Paul Touradji and Tiger Asia Management's Bill Hwang.