Ex-Deutsche Bank Prop Trader’s Hedge Fund Returns 20%

« Centaurus Fined $15K For Natural Gas Position Limit Violations . | Main | Indices: (About) 10 In 2010 For Hedge Funds »

January 12, 2011

Ex-Deutsche Bank Prop Trader’s Hedge Fund Returns 20%

Bei Hu, Bloomberg News, January 10, 2011

Nine Masts Investment Fund, led by the former Asia head of Deutsche Bank AG’s Saba proprietary trading desk, returned an estimated 20 percent in its first eight months, according to a newsletter sent to investors.

The Asia-focused relative-value capital structure hedge fund run by Hong Kong-based Nine Masts Capital Ltd. grew assets to more than $120 million, said three people with knowledge of the fund. It started trading in May with $30 million of money from its partners, their friends and families, the people said on condition of anonymity because the information is private.

Continue to full article

Posted at 04:06 PM in Current Affairs, Regulatory Alerts, News and Developments | Permalink

Comments

You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

What is HedgeFundsX?

HedgeFundX is a news and ideas exchange forum focusing on providing Hedge Funds, Alternative Investments, Private Equity, Hedge Funds of Funds and Investment Management firms current news and information to assist in the navigation of the new era of regulatory oversight.
To Learn More about The Hedge Funds Exchange Click Here

Hedge Fund Exchange

A news and ideas exchange forum focusing on Hedge Funds, Alternative Investments, Private Equity, Hedge Fund of Funds and Investment Management from a Compliance, Legal, Risk Management, Credit, Financial Controls, Corporate Governance, and Regulatory Oversight perspective.

January 12, 2011