Former TPG-Axon partner Wesley Wong is prepping an Asian-themed long/short equity fund for a third-quarter 2015 launch.
Wong’s Oxbow Capital Management (HK) is reportedly in advanced discussions with Reservoir Capital Management regarding a $150 million stake, according to a Bloomberg report citing unnamed sources. It would be Reservoir’s first seed investment in an Asian-based startup, the article noted.
Joining Wong in the Hong Kong-based venture will be COO Vishal Tourani and Yeo Keng Swee, who will head trading.
Wong was a partner at $3 billion TPG-Axon until he retired in 2014 amid a restrucuting of the fund’s Asian operations. TPG-Axon was co-founded by former Goldman Sachs partner Dinakar Singh.