Highly-respected former Soros portfolio manager Jixin Dai is
understood to have gone live with his hedge fund firm Xin Tian
Fund Management at the start of July in Hong Kong, with $150
million in assets under management.
The macro fund, which trades equities, currencies and
commodities, is one of the most closely-watched and significant
start-ups to launch in the region this year, starting with
higher initial capital than most launches so far in 2013.
When he left Soros in December to establish Xin Tian, Dai
had worked with the hedge fund billionaire's firm for 12 years.
His departure from the group coincided with that of several
other Soros executives who were part of the team that
established the operation of SFM Hong Kong Management, the
group's Asian operation, two years ago. Dai and his office did
not respond to AsiaHedge emails.
Besides the $150 million initial capital, Dai is understood
to have received robust commitments of interest from various
investors overseas that could take the level of assets under
management at his start-up to at least $300 million within a
The Xin Tian team comprises former Pinpoint Investment
Advisors executive Cindy Huang and acclaimed macro trader
Gordon Ng, as well as research analysts Jerry Zhou Kong and