Wednesday, 29 July 2015
Last updated 37 min ago
Feb 20 2014 | 11:21am ET
Ziff Brothers Investments' former Asia head is set to launch his own hedge fund, backed by the family office.
Gregard Heje has founded Kontiki Capital Management in Hong Kong, Bloomberg News reports. The new firm will feature most of Ziff Brothers' former employees in that city, with Ziff Brothers itself serving as an anchor investor.
Heje's firm is the latest hedge fund to emerge from Ziff Brothers, which seeded Och-Ziff Capital Management 20 years ago and last year shuttered its in-house U.S. hedge fund business, spurring a number of its former managers to launch their own funds. The family office's bases in Hong Kong and Switzerland were also closed.
Kontiki will employ a fundamental long/short strategy. The firm is expected to begin trading as soon as the second quarter, with about a dozen staffers.
Heje joined Ziff Brothers' London office in 2005. He opened the family office's Hong Kong base four years ago.
May 27 2015 | 2:15pm ET
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