Hedge Fund Plans Asian Converts Fund
Indigo Partners, a New York-based hedge fund start-up run by a former Goldman Sachs official, is preparing to launch an Asian-focused convertible arbitrage fund early next year. Indigo Capital will focus on Korean, Japanese and Taiwanese convertible bonds, according to Richard Han, managing partner and formerly assistant v.p. on the equity derivatives and convertibles desk at Goldman in New York. The firm also plans to trade in Hong Kong in the near term and possibly in China, he added.
Jack Chang, formerly a managing partner at ReachCapital Management, an international long/short equity firm based in Harrison, N.Y., will co-run the fund. Chang did not return calls.