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Alternative Market Briefing

Ex-Nomura trader Payer to launch $250m Asia hedge fund

Thursday, July 26, 2012

From Komfie Manalo, Opalesque Asia Ė Former Nomura Holdings Inc managing director Jean-Noel Payer, 36, is planning to launch a $250m Asia-focused volatility hedge fund that intends to take advantage of price swings in Asian securities, various media reported.

In a report by Reuters, Payerís fund launch is touted to be among the biggest start-ups in Asia so far this year.

According to the report, Payerís Voltex Asia Capital Ltd will be headquartered in Hong Kong after receiving a regulatory clearance on Tuesday. The size of Voltex makes it one of the largest launches in Asia this year after former Perry Capital Asia head Alp Ercil launched his own $440m hedge fund and former UBS Australia trader Gerard Satur, launched the $195m MST Capital.

Payer told Reuters, "We target to be fully operational and launch in September." He added that 95% of the fund's assets would be invested in Asia.

Interestingly, new Asian hedge funds generated an estimated $2bn in the first half of 2012, representing a 50% rise over the capital they raised in the previous six months, according to a survey by AsiaHedge.

The number of start-ups also increased, rising to 32, from 30 in the secon......................

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