A new Hong Kong-based hedge fund platform founded by Morgan Stanley’s former Asia prime brokerage chief is adding an Elliott Advisors executive as chief operating officer.
Ben Horner has joined Cranmore Capital Advisers, founded earlier this summer by Kurt Baker. Among Horner’s first jobs will be to find new digs for the new firm, with has reportedly found private equity backers, Asian Investor reports.
Cranmore already has a shortlist of potential managers to seed. Its first will likely be an Asian equity long/short value fund early next year, possibly followed by an event-driven or special situations vehicle.
At Elliott, Horner was head of equity financing in Hong Kong. He also oversaw regulatory compliance and financing operations in the region.