Fuchs, Ex-Nomura, To Launch Hedge Fund In June

Apr 3 2012 | 1:38pm ET

A former Nomura Holdings proprietary trader will launch his first hedge fund this summer with as much as US$500 million, including a big seed from his late employer.

Benjamin Fuchs' Asia-focused multi-strategy fund will debut on June 1. His Hong Kong-based firm, BFAM Partners, hopes to raise between US$200 million and US$300 million at launch. Nomura will match Fuchs' early fundraising, up to US$200 million, meaning that BFAM should have between US$400 million and US$500 million at launch.

After launching, BFAM will continue to raise money until it reaches US$700 million to US$800 million, when it will consider closing the fund.

"We will start on June 1 and the money we raise will probably be over the course of the summer," James Singh, chief operating officer, told Retuers.

BFAM registered with Hong Kong's Securities and Futures Commission on Friday. Initial reports indicated that Fuchs, formerly head of Nomura's global opportunities desk, planned to launch the fund last year.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...