Former Fortress boss prepares new hedge fund
Stanley Ku, former Hong Kong head of Fortress Investment Group, is setting up a new hedge fund following the closure of Minerva Capital Management last year. Complus Asset Management, which received an asset management license in Hong Kong last week, will be run by Ku and Ching Kam, formerly of Singapore-based Alphadyne Asset Management. A Complus official declined comment on its plans, Reuters reported.
Ku was in charge of Fortress in Hong Kong until 2008. The company closed the office in June the following year, following the global financial crisis, and also downsized its Tokyo operations. Ku started...
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