Firm backed by Alibaba founders in talks to seed new hedge fund
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BLUE Pool Capital, which invests billions of dollars for wealthy clients including two top Alibaba Group Holding Ltd executives, is in advanced talks to back a new hedge fund that's being planned by a former Asia head of Balyasny Asset Management, according to people with knowledge of the matter.
Avinash Abraham, who left Balyasny earlier this year, plans to start a pan-Asia hedge fund in November through his firm Torq Capital Management (HK), said the people who asked not to be identified as the discussions are confidential. The market- neutral fund will bet on rising and falling stocks, said the people, who did not provide details of the size or terms of the investment.
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