Former SocGen Asia Equities Head Kim Launching New Relative Value Fund

Nov 12 2015 | 10:56pm ET

Former Société Générale executive Jong Beum Kim is launching a new relative value hedge fund with two former colleagues from the French bank.

The new fund, named the Three Stones Multi-Strategy Fund, will focus on Asian markets and employ capital structure arbitrage, option-based trend following and volatility trading, according to a Bloomberg article. The fund may add additional trading strategies as AUM grows beyond $500 million. 

Managing the new fund with Kim will be Sebastien Cerbourg and Alexandre Avanian. Kim first joined the French bank in 1998 as a proprietary trader, and was co-head of SocGen’s Asia-Pacific equities through September 2014. Cerbourg, meanwhile, was a quantitative trader focusing on Asia and Avanian was co-head of Asia equity trading for the bank as recently as May. 

Former Citadel Asia COO Nicholas Bloom has also joined the new venture, the article noted. 

It was not immediately clear how much capital the firm, named Three Stones Capital Ltd. and based in Hong Kong, has raised for the new fund to date, although trading is expected to begin at the end of the month.

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