Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

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

Thursday, July 26, 2012

From Komfie Manalo, Opalesque Asia – 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, Payer’s fund launch is touted to be among the biggest start-ups in Asia so far this year.

According to the report, Payer’s 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......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo