Hong Kong-based Temujin Global Asset Management is launching the Temujin Asia Focused Fund in the first quarter of next year.

The fund’s strategies include Asian macro, equity long/short and equity derivatives, Asian Investor reports, and will invest in initial public offerings and private investment in public entities to enhance its returns.

The Asia Focused Fund, with is expected to launch with US$50 million in assets, will charge a management fee of 2% and a performance fee of 20% with a high-water mark. Redemption is available on 90 days notice.

In other firm news, Temujin has hired David Subak-Sharpe as a portfolio manager. Subak-Sharpe hails from Goldman Sachs where he served as a director from 1989 to 1996.

Temujin was founded by chief investment officer Thomas Hoo, who used to run proprietary trading groups within Deutsche Bank.