Philip Tye, a well-known figure in the Asian hedge fund industry, has joined Nighthawk Capital as the firm’s first CEO.
Nighthawk was recently established by Thomas John Monaco, the former FrontPoint portfolio manager renowned for his expertise in financial sector stocks
Tye is currently the chairman of the Hong Kong chapter of Alternative Investment Management Association (AIMA), the global hedge fund industry association.
Tye’s career in finance has spanned more than two decades and includes his founding of DragonBack Capital, a hedge fund platform that was acquired by Double Haven late last year.
He joined DragonBack from PMA, where he was chief financial officer for three years. He had previously worked at Credit Suisse, where he was a director in the prime brokerage unit with regional responsibility for Asia Pacific.
Nighthawk is understood to be launching a long/short strategy focused on listed Asian financial firms. Monaco’s outfit acquired its asset management license from the Hong Kong securities regulator in early September.
After leaving FrontPoint Monaco worked at Mizuho Securities Asia as director of research and head of the pan-Asia financial institution research team. He left early this year and joined Forensic Asia, an operation owned by former CLSA Asia Pacific economist Jim Walker.