Bloomberg – A group of derivatives traders from firms such as Goldman Sachs Group Inc. and Barclays Capital are starting an Asia-focused hedge fund to profit from price swings.
Singapore-based RSR Capital Pte plans to raise about $500 million in the next three years for its Caerus Arbitrage Asia Fund, named after the ancient Greek god of opportunity, said partner Christophe Delorme, formerly the head of Japanese over- the-counter derivatives at Newedge Group. The fund, which is planning to start trading with $15 million to $20 million in August, will trade instruments that thrive on volatility, such as options, Delorme said in an interview yesterday.
