Monday, 28 July 2014
Last updated 2 days 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…