Hong Kong Hedge Fund Beefs Up Team

Sep 3 2007 | 9:02am ET

Hong Kong-based hedge fund Thaddeus Capital is adding to its team with the hire of Grant Chan. In his new role, Chan, who joins the firm from Cazanove, will focus on event-driven and special-situations funds for the firm, which opened its doors on June 1. 

Before joining Cazenove, Chan worked at Bank of China and Lehman Brothers in Hong Kong as head of financial institutions research. Last month, Thaddeus—which runs a pan-Asian event-driven hedge fund—hired Nick Spratt from Lehman to cover entertainment and media in Japan. 

Thaddeus was founded by Charle Peza and Paul Sheehan, both of whom have previously worked at Lehman. Peza was formerly a partner at HDH Advisors, which wound down last year. Until recently, Sheehan was CEO of John Locke Capital, which was founded last year.

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