Sunday, 2 August 2015
Last updated 1 day ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…