Old Asia hands team up for hedge fund

Qi Capital, a newly established Hong Kong-based hedge fund, has recently launched its Asian Macro Fund with $17 million under management. CIO and co-founder Terence Khoo says the initial assets have come mostly from the fund partners, friends and close associates. He expects the fund to gain another $10 million in assets shortly from a large fund of hedge funds. Khoo is no stranger to the Asian hedge fund world. From 2000-2002 he worked with Michael Sofaer, founder of Sofaer Cap…