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Komfie Manalo, Opalesque Asia:

Three former employees of BlackRock, Macquarie Group and Millennium Capital Management have joined hands to launch a Hong Kong-based hedge fund that will bet on trading opportunities in at least 13 Asian stock markets using computer models.

In a report, the Irish Times said that Christopher Lee, Michael Friedlander and Burke Lau have formed the Zentific Investment Management, a market-neutral hedge fund which will start trading next year.

Lee, who is the chief investment officer of Zentific Investment, used to head BlackRock’s scientific active equity department in Hong Kong, Friedlander, Zentific’s chief operating officer, used to work for Millennium while Lau used to head the Asia and Japan quantitative research at Macquarie Securities.

Hong Kong-based HS Group, which provides long-term capital to newer hedge funds, will be one of their first investors.

Michael Garrow, HS Group’s chief investment officer, was quoted as saying, "The reason investors like this strategy is because Asia’s markets are so diverse, it’s hard to cover them all comprehensively."

To know more about how Asia will provide opportunities for at least another decade, you can read the latest Opalesque Hong Kong Roundtable here:......................

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