{"id":4691,"date":"2006-07-06T00:00:00","date_gmt":"2006-07-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-strikes-out-on-its-own","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2006\/hedge-fund-strikes-out-on-its-own.html","title":{"rendered":"Hedge Fund Strikes Out on its Own"},"content":{"rendered":"<div class=\"writeboardbody\">  WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Hyder Ahmad, head of risk arbitrage and co-head of securities for Asia at Goldman Sachs Inc. has resigned to start an Asian hedge fund. He is planning to raise  \u00c3\u201a\u00c2\u00a31 billion from Asia-based investors for the new hedge fund begining operation this year, according to a Wall Street Journal report.  <\/p>\n<p>    Asia has seen some major hedge fund activity recently, China and South Korea now hold more than a trillion dollars in reserves between them, and even companies like Gazprom in Russia and Samsung    in South Korea have emerged as global conglomerates that are among the world\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest companies.  <\/p>\n<p>    Hedge funds that invest in these emerging markets took in some of their highest sums, bringing this year\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s figure to $33 billion, already outpacing last year\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s record $20 billion, according to    EmergingPortfolio.com, and foreign investors have only just started to dip into the market recently.  <\/p>\n<p>    In 2002, Ahmad worked for Goldman Sachs in Taiwan and said that many Taiwanese CFOs are more receptive to new ideas and higher levels of risk. This may be where he got the idea to strike out on    his own in the hedge fund management business.  <\/p>\n<p>    The speculation is that medium-sized enterprises can\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t rely on pricey investment bankers like Goldman, but deserve attention, and often don\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t have the access to international capital. With a self    managed hedge fund, Ahmad wont have to go to the dollar bond market, or make torturous contractual arrangements with a larger tech firm, to finance his bets.  <\/p>\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<p>    &nbsp;  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Hyder Ahmad, head of risk arbitrage and co-head of securities for Asia at Goldman Sachs Inc. has resigned to start an Asian hedge fund. He is planning to raise \u00c3\u201a\u00c2\u00a31 billion from Asia-based investors [&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-4691","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4691","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=4691"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4691\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}