NYT – Former Lehman Brothers Asia executives, who headed the bank’s structured products division and its syndicate business, have launched their maiden hedge fund investing in distressed structured credit assets, Oracle Capital, Reuters reported.
Oracle Investment Fund, targeting assets of $50 million over the next few months, had received backing from a U.S. institutional investor, Fredric Teng, one of the founders of the company, told the news service. The fund firm has also received investment from some institutions in the region and former senior executives from Lehman Brothers.
