Monday, 24 October 2016
Last updated 10 min ago
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.