Kumin’s Folger Hill Hedge Fund Said to Hire First Asia Managers
- Firm recruited Nobutaka Ariki, Jinchul Lee and Hillman Wong
- All three are former employees of Cohen’s SAC and Point72
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Folger Hill Asset Management, the hedge-fund firm led by former SAC Capital Advisors Chief Operating Officer Sol Kumin, hired the first three fund managers for its Asia business, said people with knowledge of the matter.
The firm recruited Nobutaka Ariki, Jinchul Lee and Hillman Wong in Hong Kong, said the people, who asked not to be identified because the information hasn’t been publicly announced. Folger Hill, which oversaw $1 billion at the end of last year, expects the Asia strategy to oversee a few hundred million dollars, said one of the people, who declined to provide additional details.