SSG Capital Management Set to Launch in April

March 2nd, 2009
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Edwin Wong, former head of Lehman’s Asia special situations group, is seeking $500 million to launch SSG Capital Management, an Asia distressed fund, according to Bloomberg. The Hong Kong based firm intends to raise it seed capital from high net worth individuals in Asia.

Mr. Wong, who joined Lehman in 1997, was also head of credit at Lehman Brothers Asia when he resigned in November 2008. Several of his former Lehman coworkers are said to be joining him at SSG.
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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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