Ex-RBC trader starts Asia-driven fund

New Straits Times - - Business -

SIN­GA­PORE: Damian Ed­wards, a for­mer man­ag­ing di­rec­tor at Royal Bank of Canada, is start­ing an Asian event-driven hedge fund to take ad­van­tage of a surge in mergers and ac­qui­si­tions in the re­gion. Met­rica Part­ners Pte plans to start this month with US$25 mil­lion (RM107.97 mil­lion), Ed­wards said in an in­ter­view in the is­land citys­tate. The eq­uity-fo­cused fund has five staff and will in­vest about half its money in Ja­pan, with the re­main­der split be­tween Hong Kong and the rest of Asia, he said.

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