Prodigy readies second CB arb fund

The Taiwan hedge fund manager aims for a December launch.

Prodigy Asset Management in Taiwan is preparing to launch its second convertible arbitrage fund and is now finalising arrangements with its likely prime broker, Morgan Stanley. The $200 million manager wants to provide a hedged product with lower volatility to complement its first fund, which does not short.

The firm was established last year by the former derivatives team at Yuanta Core Pacific Securities, says Samuel Wang, founder. Most of its assets are managed for individual clients, like a managed account, but in March this year it launched a convertible arb fund that now has $37 million under management. Its clientele is mainly Taiwanese corporations, with a small portion individuals' money.

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222