|Solaris Asset Management recently announced its plans to launch its flagship hedge fund this November. According to FINAlternatives, the Solaris Capital SPC Equity Arbitrage Fund is based in Singapore and will initially focus on arbitrage opportunities in equities and derivatives in the Asia-Pacific area. With time, the fund plans to increase its assets to S$100 and expand its concentration to a more global focus, including the United States, Europe, India and South America. The new fund will launch with $23 million from Chinese investors.|
Solaris Asset Management was founded by Thomas Tey, Jeffrey Wong - both formerly of Singapore Exchange Ltd. - and Wang Wei Dong, who founded Bosera Asset Management. Most recently, Mr. Tey was at Oversea-Chinese Banking Corp as head of equities derivatives.