Sunday, 26 February 2017
Last updated 1 day ago
Feb 10 2014 | 11:42am ET
Sequence Asset Management founder Allan Bedwick is not returning to the hedge fund industry alone.
Bedwick will launch his planned Asia macro fund with former Goldman Sachs executive Leland Lim, Reuters reports. The new, as-yet-unnamed firm plans to roll out its maiden offering in the third quarter.
Adding Lim, who was co-head of Asia-Pacific ex-Japan macro trading at Goldman prior to his retirement last month, means Bedwick, who left Noble Group in December, will take on a new role, focusing on the new firm's operations while Lim handles its investments. Bedwick formerly managed—with great success—Sequence, which he closed in 2012, citing fundraising difficulties.
That should be less of a problem two years later: Investors are flocking to Asian hedge funds, after the industry's strongest returns in five years in 2013.
Bedwick and Lim's firm will be based in Hong Kong. The two have yet to register the business with that city's regulators.
It is unclear how much the new firm seeks to raise by inception, Reuters reports.