Thursday, 25 December 2014
Last updated 1 day ago
Jun 14 2012 | 12:43pm ET
A pair of former bankers has joined forces to launch an Asia-focused hedge fund.
Yang Yeo and Janice Dunnett have set up Naga Capital in Hong Kong. The new fund will trade in credit, stocks and convertible bonds, the latter Dunnett’s specialty at Morgan Stanley.
The Naga Capital Master Fund is aiming for annual returns of 15%, Reuters reports, citing a marketing document. Yeo, a former portfolio manager at Citigroup, is currently raising money for the fund, which is expected to launch in the third quarter.
Yeo worked at Citi for more than four years, running Citigroup Global Markets’ Asian investments. He formerly worked at Goldman Sachs.
Dunnett, who serves as co-chief investment officer of Naga alongside Yeo as well as holding the title of the new firm’s CEO, headed convertible bonds for Asia at Morgan Stanley and convertible bond sales at Credit Suisse, with a spell at Standard Chartered Bank in between.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.