Saturday, 18 April 2015
Last updated 1 hour ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…