Goldman, Citadel, Boyer Allan Vets Plan Asia Credit Hedge Fund

Jul 26 2012 | 1:28pm ET

The pipeline of prominent hedge fund launches in Asia is getting full to bursting.

The latest comers to the burgeoning scene are Christopher Mikosh, Patrick Edsparr and Jim Sweeney. The three have founded a firm called TOR and plan to launch their maiden hedge fund, a credit vehicle, in the fourth quarter or early next year.

Mikosh was a managing director and special situations trader at Goldman Sachs before leaving the firm at the beginning of the year. Edsparr was head of Citadel Investment Group's investment-banking arm, and Sweeney was CEO of Boyer Allan Investment Management, once one of Asia's largest hedge funds but a victim earlier this year of declining performance.

It is unclear how much TOR's founders hope to raise; planning remains at an early stage, Reuters reports.

But the news comes as AsiaHedge reports that newly-launched hedge funds in the region raised US$2 billion in the first half, with a slew of "high-quality launches" expected in the second half. New funds from Credit Suisse' David Curtis, Och-Ziff's Manjor Jain and Sohit Khurana, and JPMorgan Chase's William Lee are already in the pipeline, and this week Nomura Holdings' Jean-Noel Payer's plans for a hedge fund became public.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note