D.E. Shaw's Meng departs to launch own fund
Former D.E. Shaw Partner and Greater China head Liang Meng has reportedly departed the hedge fund to start an independent, China-focused private equity fund, co-led by former Goldman Sachs Partner Kevin Zhang.
According to a Reuters report, the new fund targets $500 million, with capital commitments made by PRC businesspeople who have previously worked with Meng and Zhang at D.E. Shaw and Goldman.
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