SAC Asia Pioneer Plans Own Macro Fund

Apr 15 2013 | 11:35am ET

SAC Capital Advisors' first Asia-based portfolio manager will launch a hedge fund of his own in the region.

Yip Ka-hay founded Bright Stream Capital Management in Hong Kong. The new macro specialist will debut with about US$25 million of Yip's money in July, trading currencies, interest-rate securities and equity indices, Bloomberg News reports.

Yip worked at SAC for just over a year, joining the firm at the end of 2007 to run Asia-focused macro investments, and leaving in early 2009 when it cut back on non-equity investments.

Yip said he expects his Bright Stream Macro Fund to manage as much as US$300 million within 18 months.

"People talk about Asian macro a lot but there are not that many dedicated Asian macro funds out there," he told Bloomberg. "There is a niche for someone to focus a specific fund on Asian rates and foreign exchange."

William Fong, who worked with Yip at PMA Investment Advisors, and SAC veteran Joshua So have joined Bright Stream, the latter as head of operations.

Yip worked at PMA before joining SAC, running its Harvester Fund. Prior to entering the hedge fund industry, Yip worked at JPMorgan Chase and Credit Suisse First Boston.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

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

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.