Goldman Sachs Investment Partners (GSIP) is raising capital for a new Asian fund in a move to allow clients to invest with some of the top proprietary traders.
GSIP and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to launch the Asian hedge funds as fund launches gather pace in the second half of the year in the region.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Asia-focused long/short equities hedge fund, Oryza Capital, will be led by Goldman partners Asia co-heads, Hideki Kinuhata in Tokyo and Ryan Thall in Hong Kong.
The fund has initial capital of US$80 million and will invest throughout Asia, including Australia and Japan.
Kinuhata and Thall currently manage more than US$1 billion in Asian investment for GSIP’s global hedge fund and will continue to run money for the global fund, in addition to the new Asian pool.
They have generated annualized returns in the low teens, about fourfold that of the global fund since its 2008 inception.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCong Li said he will launch the fund in mid-October and expects to raise more than US$100 million in the next year.
Goldman set up GSIP within its Asset Management unit in 2008. The group is led by former proprietary trading chief Ranaan Agus.
