Experienced players in Hong KongÆs alternative investments scene have teamed up to launch a new macro hedge fund, with an Asia focus but the ability to seize opportunities globally.

The chairman of the new fund is Oscar Wong, former managing director at LGT Asset Management and CEO of BOCI-Prudential Asset Management, a joint venture for the Mandatory Provident Fund schemes space between the UKÆs Pru and Bank of China International.

Wong joins forces with CEO Edward Chin, former country manager at Man Investments and Asia head of Refco Alternative Investments before founding MDE Hedge Centre, a æhedge-fund hotelÆ in Hong KongÆs Central district. Chin will also serve as co-portfolio manager alongside Dennis Chen, formerly of Caxton Associates.

They are calling their new strategy the Revelation Fund. The founders met in church and used the BibleÆs Book of Revelations as inspiration.

Revelations includes Quentin Tarantino-style quotes fit for many hedge-fund managers, such as, ôFor true and righteous are His judgments: for He hath judged the great whore, which did corrupt the earth with her fornication.ö

In this case, however, the company motto of the Revelation Fund is sourced from the much less apocalyptic Proverbs 13:11, ôDishonest money dwindles away. He who gathers money little by little makes it grow.ö

The strategyÆs target return is in the low double digits, with high-single digit volatility. Investors face a one-year lock-up. There is a 1.5% management fee and a 20% performance fee.

The owners hope to launch with $20 million of assets under management, initially raised from funds of hedge funds and family offices; they will also trade segregated managed accounts if required. Their goal is to reach $200 million after two years of active trading.

The fund will be predominantly long, using futures and options to hedge. The fund will employ modest leverage, with the potential to raise this three times the underlying assets.

Walkers will provide legal services. Citigroup is reportedly favoured as fund administrator. Lehman Brothers and Citi are shortlisted to serve as prime broker.