verde-melds-activismlite-sri-and-private-equity

Verde melds activism-lite, SRI and private equity

Carl Icahn's former lawyer launches an Asia hedge fund playing the convergence story under a green banner.
Verde Asia Fund, a new hedge fund run by an established activist manager from the United States, is expected to launch in the next two months.

Glenn Fung will head VerdeÆs Asian operations. He formerly worked as an EVP at HSBC Securities. Sydney Yeung will be the fundÆs head trader. Yeung was the co-head of non-US equities at Van Der Moolen, an international trading firm, and co-founder of Flashlyme, an Asian hedge fund. They have chosen Singapore for their Asian base of operations, believing it offers great opportunities for start-up hedge funds.

The CEO of the fund - which is based in New York - will be Gary Duberstein, former general counsel to Carl Icahn...
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