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Hedge Funds Face A New Threat From Richest Families In Asia

by gulfnews.com posted 1week ago 48 views
Tolaram plans to convert the portfolio into a hedge fund and accept outside money next year. : Singapore — They’ve already come for the talent, poaching traders from the likes of Millennium Management LLC. Now Asia’s family offices are going after the hedge fund industry’s clients, too.Take Tolaram Group, which runs a $500 million (Dh1.84 billion) family office in Singapore. After hiring former Millennium and Goldman Sachs Group Inc. staffers to manage $100 million of its own cash, Tolaram plans to convert the portfolio into a hedge fund and accept outside money next year.