Hedge fund start-ups increasing in Asia-Pacific
High profile investment professionals are launching new new hedge funds in Asia-Pac.
Aje Saigal, who has spent his entire investment career at sovereign wealth fund Government of Singapore Investment Corp, will launch Nuvest Capital in early July.
Then Senior UBS Australia trader Gerard Satur is quitting to start a hedge fund MST Capital this month.
Eashwar Krishnan, a former analyst at Lone Pine Capital, has teamed up with Tanvir Ghani, former head of capital introduction for Asia-Pacific at Goldman Sachs.
There's also Alp Ercil, a former partner and the head of New York-based hedge fund Perry Capital’s Asia operations, is also setting up his own hedge fund.
All these setups can potentially grow to break into Asia’s very small club of $1 billion hedge funds eventually if not to start with.
These, along with some of the launches of last year such as Azentus Capital of former Goldman Sachs trader Morgan Sze and Myriad by former Asia head of Highbridge Capital Carl Huttenlocher, should expand options for institutional investors in Asia and help revive the industry in 2012.