Simplex Readies Multi-Strategy Fund, Hires RBS Vet To Lead It

Jan 10 2014 | 1:59pm ET

Simplex Asset Management is set to launch a new Asia-focused multi-strategy hedge fund helmed by a former Royal Bank of Scotland executive.

The Japanese firm's new fund will be managed from Hong Kong by Kin Cheung, formerly head of Asia trading at RBS, The Wall Street Journal reports. Simplex has not yet begun to market the new vehicle, leading Cheung to decline to comment on how much it hopes to raise.

The fund will have a long/short equity portfolio and a volatility strategy focused on Asian derivatives. "In derivatives strategies, it is usually easier to make money when the market is moving a lot, whereas for long/short it is the opposite," Cheung, who left RBS in September, told the Journal. "Having these two propositions to complement each other is attractive."

At least initially, Cheung seems to favor the former approach, noting that increasing political tensions, economic recoveries in the U.S. and Japan, and China's reform plan could lead to volatility in the next few years.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of