Sunday, 21 December 2014
Last updated 13 hours ago
Nov 26 2012 | 12:10pm ET
Troubled Hong Kong hedge fund Senrigan Capital is down one partner, who plans to launch his own hedge fund.
Kevin Kwong has left the three-year-old firm founded by former Citadel Investment Group trader Nick Taylor, the Economic Times reports. Kwong will set up a new firm, Aria Group, a family office that will run a variety of strategies, including real-estate and private equity.
One of the Hong Kong native's new strategies will be opened to outside investors later next year. Aria will debut with Kwong's own money and money from his friends and family earlier next year. It is unclear how much Aria will launch with.
Kwong was a member of Senrigan's core investment team. He formerly worked under Taylor at Citadel and Modal Capital Partners.
Senrigan last month moved US$40 million of its assets into a side-pocket. The firm is down 15% this year and has seen half of its assets disappear.
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.