SocGen’s Yu Is Said to Start Hedge Fund With $250 Million
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Wayne Yu, head of event-driven investment at Societe Generale SA in New York, is starting his own hedge fund in the first quarter of next year, according to a person familiar with his plans.
The French bank will invest $250 million in New York-based Condorcet Global Opportunity Fund, which will trade the stocks of companies going through corporate changes, including mergers and restructurings, said the person, who asked not to be named because the fund is private.