Senrigan Partner Plans Family Office

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...