Pleiad Investment Advisors, a hedge fund spin-out from Soros Fund Management, has hired former Goldman Sachs prime brokerage executive Vien Chiu as its chief financial officer, as it prepares to launch in the third quarter of 2014.
Soros Asia hedge fund spin-out hires ex-Goldman exec as CFO4月24日ロイター
Pleiad will maintain a “moderate” net exposure, the difference between long and short investments, said Garrow, setting it apart from the typical long-biased Asian equities fund that makes most of its money in a rising market. Shorting involves selling borrowed stocks, betting on their prices to decline.
“We think it’s an all-weather strategy,” Garrow said.