Saturday, 25 October 2014
Last updated 23 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.