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Blackstone-backed Asia fund Senrigan’s partner leaves for own firm

ET - Kevin Kwong, a partner at Senrigan Capital, has left the Hong Kong-based hedge fund this month to start his own investment firm, sources with knowledge of the matter said, joining a growing number of spinouts from established companies this year.

Kwong was part of the core investment team at Senrigan, an Asia-focused event-driven hedge fund that started in 2009 with seed capital from US alternative asset manager Blackstone Group. Senrigan, however, has racked up big investment losses over the past two years.

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