Soros Alums Ready Asia Hedge Fund With HS Group Backing

Apr 21 2014 | 3:34pm ET

A pair of Soros Fund Management Asia veterans is set to launch its own hedge fund with more than US$150 million.

Kenneth Lee and Michael Yoshino have founded Pleiad Investment Advisors in Hong Kong. The venture, which will invest across Asia—but with a focus on China and Japan—is the first backed by HS Group, the hedge-fund seeder founded by Michael Garrow and Johannes Kaps, formerly of the Blackstone Group and Goldman Sachs, respectively.

The new firm’s strategy will feature long-term, concentrated bets on liquid stocks, using fundamental analysis and industry research, Garrow told Bloomberg News. “We think it’s an all-weather strategy,” he said.

Pleiad's maiden fund is expected in the third quarter.

Lee and Yoshino worked together at Soros, Tiger Asia Management and TPG Capital. They left Soros earlier this year, some three years after firm founder George Soros returned capital to investors and transformed the firm into a family office.

Pleiad has a capacity of between US$1.5 billion and US$2 billion.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of