Leland Lim, who retired as co-head of Goldman Sachs Group Inc.’s macro trading team in the Asia- Pacific region outside of Japan, plans to start his own Hong Kong-based hedge fund, said two people with knowledge of the matter.
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.
Asian hedge fund managers, especially startups and those overseeing smaller amounts, are finding it tough to raise money as investors remain wary of the industry after the financial crisis, consultants and asset managers said.
Goldman Sachs Investment Partners, set up to allow clients to invest with some of the bank’s top proprietary traders, is raising capital for a new Asian fund, said two people with knowledge of the matter.
When Rory Dickson was planning a fund to invest in Asian consumer-related stocks, uncertainty over how much money he would start with meant he faced the prospect expenses would exceed the fees he stood to generate.