Two former managing directors of Och-Ziff Capital Management will start their own Asia-focused hedge fund firm Maso Capital in Hong Kong within the year.
With this move, the duo, Manoj Jain and Sohit Khurana, will be boosting a strong pipeline of start-ups in the region for 2012.
Jain, 33, and Khurana, 39, are aiming to raise about $250 million in the medium term for the multi-asset class hedge fund which will be a combination of event-driven equity and convertible bond arbitrage strategies, sources said.
The two join the likes of William Lee, the former head of JPMorgan Chase & Co's equity derivatives group for Asia-Pacific, and former Nomura Holdings Inc trader Benjamin Fuchs, who plan to launch their hedge funds this year.
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