Nine Masts Hedgies Set Sail

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New Hedge Fund Alert: Nine Masts

According to the Business Week article, “Former Deutsche Bank Saba Asia Head Said to Plan New Hedge Fund” by Bei Hu, Nine Masts Capital, a Hong Kong based company, aims to begin a hedge fund based on investment opportunities from mispriced securities that have diverted from fundamental pricing relationships and trends.    This fund will seek for a 15 percent yearly after-fee return. The head of this venture is the Chief Investment Officer Wang Bing, who had declined to comment about the fund for the article. He had a successful history with the Deutsche bank and later moved on to help found the Saba proprietary trading desk in Asia.

This fund will go in the direction that other managers have taken after the financial crisis. The hedge fund will also help to diversify the Asian industry in starting a relative-value and event-driven hedge fund. In 2009, this strategy has accounted for 18 percent of hedge funds based in Asia.

You can find more here: http://bit.ly/9df3Kq
 

********  IvyPlus March 23rd  Fund Business Development Event, http://bit.ly/bW0DIt *******

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