|Nomura Holdings, Inc is said to be fronting one of its top traders, Benjamin Fuchs, $200 million, in a venture to launch a separate Hong Kong-based hedge fund firm. According to a Bloomberg report, Nomura’s stake will be a part of a pooled fund managed by Fuchs under the name of B.A.F. Capital Management. |
The new hedge fund joins the estimated 300 hedge fund startups in 2011, many of which are spinoffs of proprietary trading desks in the same vein as B.A.F. Capital Management. Benjamin Fuchs, who headed the Global Opportunities Group at Nomura, seeks to pursue similar global opportunities through equity-linked investment strategies with his B.A.F. fund.