Singapore-based hedge fund attracts strategic partner

The University of Hong Kong and Gobi Partners want to transform financing for tech startups in the Special Administrative Region.

The Hong Kong hedge fund has taken the difficult decision after 16 years of trading, as the SFC prosecutes the firm, chief investment officer Simon Sandler, and a former trader, for insider trading.

The Series D round values the Korean semiconductor startup at $2.9bn as it targets global commercialisation of its AI inference accelerator.

Corporate lawyer Shu Du is joining the firm from Skadden, Arps, Slate, Meagher & Flom to launch the practice.

Paul Guan has joined the law firm's corporate and finance practice.

The corporate and finance lawyers have joined from A&O Shearman's Indonesian tie-up.