Former Soros Employee Sets Up Hedge Fund In Hong Kong

Jul 18 2013 | 6:32am ET

A former employee of Soros Fund Management has hung out his own hedge fund shingle in Hong Kong.

Nicholas Zhang, the son-in-law of one of China’s four vice premiers, Wang Yang,  recently founded Magnolia Capital Management with former colleagues from Soros and UBS, reports the South China Morning Post.

Last year Zhang worked briefly at billionaire George Soros’ family office in Hong Kong, following a stint as a junior investment banker at UBS.

The new fund launched two months ago with " tens of millions of US dollars" a source told the paper.

Magnolia Capital Management focuses on investing in Hong Kong-listed stocks.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note