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.


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