Former Societe Generale traders led by Jong Beum Kim plan to start a new hedge fund that will employ several strategies seeking to profit from volatility in Asian markets and exploiting mispricing of related securities, according to people with knowledge of the matter.
Bloomberg News reports that the Three Stones Asian Multi-strategy Fund is scheduled to start trading on November 30, said the people who asked not to be identified as the information is private. Kim, chief investment officer of Three Stones Capital, will manage it with Sebastien Cerbourg and Alexandre Avanian. All three worked for the bank.
As global banks have dismantled or shrunk proprietary trading desks, former managers have struck out on their own in Asia, broadening an industry traditionally dominated by stock pickers who have struggled to manage volatile markets.
To access the complete Bloomberg News article hit the link below: