New fund company seeks hedge fund managers

Peak Capital in Hong Kong intends to put a traditional fund management structure around hedge fund managers.

Two Hong Kong fund management veterans are founding a company, Peak Capital, that aims to create a traditional fund management structure for hedge fund managers. Simon Powell and Tim Kay, who have worked in the industry for over a decade, are the principals behind Peak Capital, which they are currently registering with Hong Kong's Securities and Futures Commission.

Powell, who will be Peak's director of business development, recently left Skandia Global Funds, where he had promoted its multi-manager product in Asia until the Swedish firm succumbed to scandal in Europe. Kay, who will be Peak's COO, has run MSCI's Asian operations, as well as headed up BNP Paribas Asset...

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