Janchor manager starts his own hedge fund after Alibaba bonanza

Hong Kong

HARI Ravisankar, who helped Janchor Partners make an eightfold return on an investment in Alibaba Group Holding Ltd, is starting his own Asia-focused stock hedge fund, said people with knowledge of the matter.

His Ishana Capital, based in Hong Kong, will start trading with external money on Sept 1, said the sources, who asked not to be identified because the information has not been publicly disclosed. Initial capital for the fund has been pledged by institutions including HS Group, a Hong Kong-based strategic investor in hedge funds, the sources said.