Albert Ee, a former managing director of Millennium Management LLC’s Asian business, said he plans to set up a hedge fund in Singapore that will seek to profit from bets on broad economic trends.
AE Capital Management plans to start the macro hedge fund with between US$10 million and US$20 million as early as February, Ee said in an interview yesterday. The company aims to grow the fund to US$300 million ($372 million) in three years as it plans to expand the team to six people, including two portfolio managers, he said.