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

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Former Soros Employee Launches Own Hedge Fund Company in Hong Kong

Jul 18, 2013
Joey Peters

A former employee of billion investor George Soro’s family has launched his own hedge fund in Hong Kong, according to Bloomberg. Zhang Xinliang, aka Nick Zhang, received licensing by the city’s Securities and Futures Commission on April 18 for the creation of Magnolia Capital Management Ltd., according to information posted on the regulator’s website.

Zhang, was licensed by the regulator as a representative of Soros Fund Management LLC’s Hong Kong office between January 2011 and December 2012. Soros Fund Management oversaw $24 billion earlier this year. Zhang worked for Goldman Sachs Group Inc. before Soros Fund Management, according to his licensing record. Zhang started Magnolia with Wang Xiao, according to the SFC. Wang previously worked for Morgan Stanley, Bain Capital LLC and Coatue Management LLC, the New York-based hedge fund founded by Philippe Laffont.

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