Former LTCM Managers Start Firm to Tap China Hedge-Fund Demand
- Shanghai-based Sycamore has John Meriwether as an investor
- Sycamore to help Chinese investors pick international managers
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Former Long-Term Capital Management executives have started a firm that will connect Chinese investors with international hedge funds, as turmoil in the world’s second-largest equities market spurs demand for overseas assets.
John Meriwether is an early financial backer of Shanghai-based Sycamore Investment Services, said Chief Executive Officer Jeff Li, who formerly worked as a strategist at LTCM. Huang Chi-fu, who co-headed the Asia office of LTCM’s hedge fund that collapsed in 1998, is one of the founders of Sycamore and also an investor, Li said.