Daniel Chan, Former Citi Portfolio Manager, Launches Emerald Orient Investment Advisor with $25M

May 12th, 2011
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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.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings

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