Jan
10
Former LTCM Managers Start Firm to Tap China Hedge-Fund Demand
By-
Shanghai-based Sycamore has John Meriwether as an investor
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Sycamore to help Chinese investors pick international managers
Former Long-Term Capital Management executives have started a firm that will connect Chinese investors with international hedge funds, as turmoil in the world’s second-largest equities market spurs demand for overseas assets.
John Meriwether is an early financial backer of Shanghai-based Sycamore Investment Services, said Chief Executive Officer Jeff Li, who formerly worked as a strategist at LTCM. Huang Chi-fu, who co-headed the Asia office of LTCM’s hedge fund that collapsed in 1998, is one of the founders of Sycamore and also an investor, Li said…
Former LTCM Managers Start Firm to Tap China Hedge-Fund Demand