Comment: Chris Sullivan
The hedge fund industry has always had a bit of a schizophrenic relationship with the media, particularly here in the US
12/10/2011
Former Tiger Asia pro to launch hedge fund
John Jahng, formerly of Tiger Asia, is gearing up to launch a hedge fund, HFMWeek has learned.
According to sources familiar with the plans, the new firm is called Extolia Management. Set up as a master/feeder structure with LP entities, the fund will have between 30 and 60 positions in the Pan Asia region consisting mostly in Korea, China and Japan. It is expected to debut with $20m-$50m with commitments from 10 to 20 investors.
Jahng follows another Tiger Asia alumnus who started his own investment manager. Earlier this year, HFMWeek reported that Hugh Kim set up New York-based Greyson Capital Management to roll out the maiden Greyson Asia Fund, a long/short strategy focused on Asia.
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