{"id":4409,"date":"2006-05-11T00:00:00","date_gmt":"2006-05-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ex-morgan-stanley-exec-announces-fcm-absolute-return-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/ex-morgan-stanley-exec-announces-fcm-absolute-return-fund.html","title":{"rendered":"Ex Morgan Stanley Exec Announces FCM Absolute Return Fund"},"content":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; The former Morgan Stanley head of corporate finance in Singapore is moving his hedge fund, <span class=\"caps\">FCM<\/span> Absolute Return Fund, into active externalmarketing with plans to raise $400 million. The hedge fund will target private banks, distributors, fund of funds and prime-broking capital introductions and in anticipating capital restructuring andturnarounds. The hedge fund\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s assets currently under management are worth $40 million, and with the new strategy Michael Lein plans to raise it up to $400 million. The fund targets absolute returnsof 12-15% and volatility of 6-8%. The Sharpe ratio in 2005 was 1.3%.<\/p>\n<div class=\"writeboardbody\">\n<p>    Lien is the director heading these changes, a board member of <span class=\"caps\">UOB<\/span> advertisement and currently the manager of the Lien family fortune. Before moving back to Singapore    with Morgan Stanley Lien worked for US bank in Indonesia and started his investment banking career with Standard Chartered.  <\/p>\n<p>    \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cSingapore has seen banking sector consolidation and now experiences far more competitive benchmarking of returns on capital,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Lein said in an interview with Asian Investor. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe envisage a    similar trend evolving in Malaysia and Korea and, in due course, Taiwan.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    The fund management industry in Singapore is regulated by the Monetary Authority of Singapore, according to Asian Investor. However, <span class=\"caps\">FCM<\/span> is exempt from holding a Capital    Markets license and will be restricted to marketing the fund to qualified institutions and high net worth individuals.  <\/p>\n<\/div>\n<p>  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: Editor@hedgeco.net<\/p>\n<p>  HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<\/p>\n<p>  <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>  and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; The former Morgan Stanley head of corporate finance in Singapore is moving his hedge fund, FCM Absolute Return Fund, into active externalmarketing with plans to raise $400 million. The hedge fund will target private [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4409","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4409"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4409\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}