Monday, 25 July 2016
Last updated 10 min ago
Jan 24 2014 | 1:32pm ET
Sequence Asset Management founder Allan Bedwick is returning with a new Asia-focused hedge fund later this year.
Bedwick has left Noble Group, where he's served as head of macro trading since closing Sequence in 2012. His new Hong Kong-based hedge fund will be up and running in the second or third quarter, Reuters reports.
Bedwick was head of global macro proprietary trading at Lehman Brothers before launching a hedge fund with OGI Capital Partners in 2009. After moving that fund to his own shop, Sequence, he shut it down, citing a failure to raise enough money.
But with hedge fund investors pouring capital into Asia, Bedwick apparently suspects that fundraising will not be so big a problem this time around.
The new fund will feature a partner with management responsibilities alongside Bedwick. It is unclear who that partner is, according to Reuters.