Bloomberg – Edwin Ridwan, who helped set up the proprietary equity trading desk of Bakrie Group last year, is seeking capital to start an Indonesia-focused hedge fund that will bet on rising stocks.
Ridwan, 41, is in talks with the Bakrie Group, a palm oil- to-property empire controlled by Indonesian billionaire politician Aburizal Bakrie and his brothers, to set up the hedge fund, he said in an interview from Jakarta. Siddharta Moersjid, a spokesman for Jakarta-based PT Bakrie & Brothers, said he couldn’t give any information at this stage.
