Nomura Trader Fuchs Said to Plan Own $400 Million Hedge Fund
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Benjamin Fuchs, who leads the Global Opportunities Group proprietary trading desk at Nomura Holdings Inc., aims to start his own Hong Kong-based hedge fund with at least $400 million, said two people with knowledge of the plan.
Nomura, Japan’s largest brokerage, will back the “commingled” fund being planned by B.A.F. Capital Management, the company named after Fuchs’s initials, with as much as $200 million, according to a marketing document seen by Bloomberg News. A commingled fund pools assets from different investors rather than keeping them in separate accounts.