Ex-UBS team to launch new Asian fund of funds

Alphatraxx, a new Hong Kong based Asian fund of hedge funds has been launched by Andrew Sinclair, formerly co-head of global hedge fund coverage at ABN AMRO. Prior to this Sinclair was an executive director and founding member of UBS prime brokerage's team in Asia and the new venture sees him reuniting with old buddies Janice Chan and Richard Norris.