Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

Former SAC Cap Manager Launching Macro Hedge Fund

Apr 15, 2013
Jing Chen

A former portfolio manager at Steven Cohen’s SAC Capital Advisors is planning to launch a macro hedge fund.

Bloomberg reported that Ka-hay Yip, who was the first Asia-based manager hired by SAC Capital, will begin trading out of Hong Kong-based Bright Stream Capital Management with about $25 million of his own money. Yip is planning to bring the hedge fund’s assets under management to as much as $300 million within 18 months from outside investors, according to the article.

The fund will invest as much as 30% of its investments in equity indexes with the rest split between rates and currencies. It won’t trade single stocks or single-name credit.

Yip joined SAC Capital’s Hong Kong office in 2007 to oversee its regional macro investments, but left in 2009 when the firm decided to downsize.

Read More Industry News >

eVestment’s 2015 Hedge Fund Industry Outlook

Read More