SAC’s Xu Plans China Hedge Fund

May 22 2014 | 11:05am ET

A former SAC Capital Advisors manager in Hong Kong plans to launch a hedge fund of his own, focused on Greater China.

Ken Xu’s unnamed firm will offer its maiden hedge fund at the end of this year or early next year, Reuters reports. The fund will follow a long/short equity strategy; other details, including fundraising target, were unclear.

Xu left SAC, now called Point72 Asset Management, earlier this month. He spent three years at the firm, which pleaded guilty to insider-trading charges last year.

Prior to joining SAC, Xu worked at Och-Ziff Capital Management, where he was co-head of Greater China equity long/short investments. 


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of