For technology companies, Taiwan is home to the biggest custom producers of chips used in products like Apple ’s iPhone and Dell computers. For hedge funds, it’s a cornucopia of confidential data, leaked from chipmakers and parlayed into an edge in trading stocks of their U.S. customers.
Senrigan Capital Group Ltd., an Asia-focused event-driven fund backed by Blackstone Group LP, lost almost 15 percent in the first six months of this year, according to a performance estimate sent to investors.
Ken Xu, a former managing director at SAC Capital Advisors and Och-Ziff Capital Management Group LLC, is considering setting up his own hedge fund in Hong Kong, said a person with knowledge of the matter.
Returns Invested in Children and Education, the charity set up by Asia’s hedge-fund industry, is stepping up efforts to raise money for minors, including the sick in Cambodia and those growing up in India’s brothels.