Ex-Citadel, Boyer Allan, Goldman Execs. Ready Hong Kong Hedge Fund

Jan 3 2013 | 12:27pm ET

A hedge fund planned by veterans of Citadel Investment Group, Goldman Sachs and Boyer Allan Investment Management has won the blessing of Hong Kong regulators.

Tor Investment Management received an asset-management license from the Hong Kong Securities and Futures Commission on Dec. 12. The new firm plans to launch a credit hedge fund this year, hoping to profit from opportunities created by the European debt crisis.

Tor is led by former Citadel Securities chief Patrick Edsparr, former Goldman special situations chief Christopher Mikosh and former Boyer Allan CEO James Sweeney. The three are identified as Tor's responsible officers on the SFC's Web site.

Edsparr, Mikosh and Sweeney set up Tor in the summer. It is unclear how much they hope to raise for the new vehicle.

Edsparr left Citadel in 2010 after less than a year at the helm of its then-struggling and since-shuttered investment-banking division. He reportedly had disagreements with Citadel founder Kenneth Griffin. Sweeney became available after Boyer Allan, once one of Asia's largest hedge funds, closed last year.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of