|With a fresh new license in hand, and $25 million seed money, Daniel Chan, formerly of Citigroup Smith Barney, joined with two other partners to open Hong Kong-based hedge fund concentrating on technology companies operating within the Greater China region. According to Reuters, Chan expects to grow Emerald Orient Investment Advisor’s flagship hedge fund to $50 million within a year. |
Chan is combining his asset management expertise with the venture capital and private equity backgrounds of his two partners to target small and mid-cap companies with significant growth potential. Chan expects the fund to attract another $25 million from wealthy investors from China and Taiwan.