The former top credit strategy manager at Japan’s Mizuho Financial Group is preparing to launch his own hedge fund.
Opalesque reported that Jeffrey Yap is currently on gardening leave but will launch the new fund when the period ends.
The fund, which will focus on Asian credit strategies, long/short credit, bonds and private debt, has secured $50 million in initial seed capital from an undisclosed source. The other half of the seed money will come in the remainder of the year.
Yap also told Opalesque that increased interest in Asian credit prompted the fund’s launch. Despite the fund’s Asian focus, it will also invest globally where it sees fit.