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Blue Pool said to be in talks to back new hedge fund

By Bloomberg | China Daily | Updated: 2016-08-04 07:48

Blue Pool Capital Ltd, which invests billions of dollars for wealthy clients including two top Alibaba Group Holding Ltd executives, is in advanced talks to back a new hedge fund that's being planned by a former Asia head of Balyasny Asset Management LP, according to sources with knowledge of the matter.

Avinash Abraham, who left Balyasny earlier this year, plans to start a pan-Asia hedge fund in November through his firm, Torq Capital Management (HK), said the anonymous sources.

The market neutral fund will bet on rising and falling stocks, said the sources, who didn't provide details of the size or terms of the investment.

Blue Pool said to be in talks to back new hedge fund

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