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PAG forms Asian equity-focused hedge fund Polymer Capital Management

Hong Kong-based private investment firm PAG partnered with asset manager Angus Wai to set up a hedge fund platform focused on Asian equities, DealStreetAsia reported Jan. 10, citing a company announcement.

The platform, Polymer Capital Management, will be led by Wai as CEO, the report noted. Wai was most recently Asia-Pacific CEO of Folger Hill Asset Management LP.

The newly established platform will begin trading during the second quarter.