|Leon Hindle and Fredric Teng’s Oracle Capital Ltd is launching a new hedge fund, which will focus its investment efforts on distressed structured credit opportunities. Prior to founding Oracle Capital, Leon Hindle and Fredric Teng were senior executives in Lehman Brothers’ Asian structured products division. Mr. Hindle was a Managing Director and headed Structured Credit & CDOs Asia-Pacific.|
The new hedge fund, Oracle Investment Fund Spc, will invest in distressed CDOs, CLOs and other structured products. According to Reuters, Oracle Capital is aiming to raise approximately $50 in assets under management for the hedge fund over the summer.
Hong Kong-based Oracle Capital, which was formed in 2009, also provides structured product financial advisory services to institutional clients. According to their website, the firm is regulated by the Hong Kong Securities and Futures Commission in respect of its Asset Management and Advisory activities.