Former SAC, Och-Ziff Manager Xu Said to Consider Own Hedge Fund

May 21, 2014 11:38 pm ET

May 22 (Bloomberg) -- Ken Xu, a former managing director at SAC Capital Advisors and Och-Ziff Capital Management Group LLC, is considering setting up his own hedge fund in Hong Kong, said a person with knowledge of the matter.

Xu left SAC, now renamed Point72 Asset Management LP, earlier this month, said the person, who asked not to be identified as the information is private. His license with the company was removed on May 16, according to data posted on the website of Hong Kong’s Securities and Futures Commission.

Jonathan Gasthalter, a spokesman for Stamford, Connecticut- based Point72 at Sard Verbinnen & Co. in New York, declined to comment. Xu also declined to comment.

Xu may join others to tap institutional demand for Asia- based talent with experience managing money for Wall Street banks and global hedge funds. Highbridge Capital Management LLC ex-Asia head Carl Huttenlocher; John Ho, who ran the Children’s Investment Fund Management UK LLP’s regional operations, and Eashwar Krishnan, former Asia head of Lone Pine Capital LLC, have raised more than $5 billion for their own funds in the last four years.

Xu spent three years in SAC’s Hong Kong office, according to the SFC license record. He was a managing director and fund manager focused on Asia long-short equity investment at the firm, according to his LinkedIn profile.

Before that, he worked for four years at Och-Ziff Capital Management, according to the SFC record. He was a managing director and co-head of Greater China equity long-short investments before leaving in October 2010, according to his LinkedIn profile.