Golden Equator Starts Hedge Fund as It Expands Service to Rich

Golden Equator Capital Pte is starting a quantitative hedge fund as it expands beyond traditional wealth management.

The Singapore-based asset management firm is testing the long-short equity fund using quantitative methods to bet on rising and falling stocks in Europe, Japan and the U.S., Golden Equator founder and Chief Executive Officer Shirley Chua said in an interview on July 10. The Golden Equator Multi-Strategy Income Fund is expected to start with S$50 million ($37 million) in the fourth quarter and targets annual returns of 12 percent,