Nine Masts, a new hedge fund, is named after the treasure junks said to be used by Zheng He on his expeditions to Southeast Asia, South Asia, Arabia and East Africa in the 15th century.
The ex-Asia head of Deutsche Bank AG’s Saba proprietary trading desk is planning a hedge fund seeking to profit from mispricing of securities in Asia’s equity and credit markets. Hong Kong-based Nine Masts Capital intends to start the relative-value capital structure arbitrage fund in the second quarter.
Gd luck to him and his fellow shipmates . I hope they realise that there are maritime scholars who doubt the existence of junks with nine masts because they say such vessels can easily sink in storms, and difficult to manoeuvre even in calm seas.