Mizuho Credit Trader Readies China-Focused Hedge Fund

Jul 31 2013 | 10:59am ET

The former head of Asian fixed-income trading at Mizuho Financial Group will launch his maiden hedge fund next month.

Jeffrey Yap has set up Ark One in Hong Kong. The first will launch its first hedge fund, employing a credit strategy, in mid-August, pending approval from Hong Kong regulators.

"We're seeing the need for more diversified Asian home-grown credit hedge funds as the Asian fixed-income markets liberalize further," Yap told Bloomberg News.

Ark One hopes to raise US$250 million by the end of its first year. The hedge fund has already won a US$50 million commitment from an Asian institutional investor; the investor could put another US$50 million in over the course of the first year, Yap said.

Ark One will focus on China, with as much as half of its money deployed to that country. About one-third of its assets will go to private credits. Ark One will be able to invest in hard-currency and local-currency bonds.

Yap, who left Mizuho Securities Asia in May, is joined by two other founding partners at Ark, although he declined to identify them. Prior to joining Mizuho, Yap, who will serve as chief investment officer at Ark, worked at Singapore hedge fund JL Capital.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.