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

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.