HSBC prop trader launches hedge fund

Ex-HSBC traders team up with Apex Capital of the US and Guotai Junan in China for a China-focused hedge fund.

Tat AuYeung, formerly head of proprietary equity trading for HSBC in Hong Kong, has joined forces with New York-based hedge fund Apex Capital to launch the Apex-Guotai Junan Greater China Fund. The mainland's Guotai Junan Securities is a strategic minority partner in the new fund.

The equity longshort fund has launched with approximately $12 million under management and invests principally in China related stocks in Hong Kong, Taiwan, South Korea and the US....

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