Former Managers from GLG Partners and Lionhart Advisors Launching Iridium Asset Management

April 18th, 2010
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An Asian equity long-short hedge fund called Iridium Asset Management focusing on commodity-related industries will be launched on May 3rd in Singapore by CEO Jason Wang, an ex-manager from GLG Partners, and Simon Quirke, an ex-manager of Lionhart Advisors Group Ltd.’s Asian investments. A recent Bloomberg article states that most of the money invested in the Iridium Alpha Fund, which is predicted to grow to $100 million within a year, is from ultra-high-net-worth individuals. The fund will initially have thirty to fifty securities and trade equity and commodity derivatives of Asian commodity companies to take advantage of their inefficiencies.

At GLG, Mr. Wang was a manager focusing on resources and industrials in the London investment team for the firm’s $2 billion European long-short fund and before that he was a global equities-focused senior proprietary trader at Oversea-Chinese Banking Corp. in Singapore. At Lionhart, Mr. Quirke managed a long-short portfolio for the firm’s global multistrategy fund and has twenty years of experience in trading equities.
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For Detailed Investor Profiles on these Investors, click below:
GLG Partners
Iridium Asset Management
Related People: Emmanuel Roman; Jason Mackay; Jason Wang; John White; Noam Gottesman; Pierre Lagrange; Simon Quirke
Related Entities: Lionhart Advisors Group Ltd*; GLG Alpha Select Fund; GLG Partners Inc; GLG Partners*; GLG UK Growth; GLG UK Income; GLG UK Select; Iridium Alpha Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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