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Ex-Dresdner traders ready $40 mln Asia hedge fund

Reuters – Noho Capital, founded by former equity derivative traders of Germany’s Dresdner Bank, is preparing to launch a managed futures Asia-focused hedge fund aimed at gathering $40 million by the end of 2011.

Mathias Piardon and Frederic Levy, co-founders of the Hong Kong-based firm, said they received an asset management licence from the Securities and Futures Commission last week and had signed a deal to receive the first seed capital investment in the next few days.

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