Q3 Earnings Alert! Plan early for this week’s stock reports with all key data in 1 placeSee list

Kurt Baker targets $3 billion for new hedge fund, 30th Century Partners

EditorHari Govind
Published 21/09/2023, 06:10 pm
© Reuters.
MS
-

Kurt Baker, a veteran of the financial industry with notable stints at Millennium Management and Morgan Stanley (NYSE:MS), is reportedly in advanced negotiations to secure approximately $3 billion in funding for his latest undertaking, a multi-manager hedge fund firm named 30th Century Partners. The news was shared by an anonymous individual familiar with the matter on Thursday.

Baker's new venture is expected to rival established players such as Citadel in the Asian market. The Hong Kong-based firm, 30th Century Partners, has its sights set on commencing trading activities by June 2024.

The source disclosed that Baker, who formerly headed Morgan Stanley's Asia prime brokerage, is engaged in serious talks with several potential investors. This move aligns with his previous experience and expertise in the Asian financial market.

30th Century Partners plans to operate with a team structure comprising eight to ten investment groups. The firm's focus on the Asian market positions it well in a region that has seen significant growth and interest from hedge funds and other investment entities.

The successful raising of $3 billion would mark a significant milestone for Baker and 30th Century Partners, demonstrating strong investor confidence in the new venture's potential to compete in the competitive Asian hedge fund landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.