Asia Centric by Bloomberg Intelligence Does the World Need Another Multi-Strategy Fund?
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Jan 7, 2026 In this engaging discussion, Jonathan Xiong, former co-CEO of Millennium in Asia and CEO & CIO of Arrowpoint Investment Partners, shares his bold move to launch a multi-strategy hedge fund focused on Asia. He explores the fierce competition from giants and the unique opportunity he identified in the market. Jonathan reveals the challenges of raising capital, the pressures of payroll management before funding, and the critical role of experienced anchor investors in navigating pitfalls. He also discusses the psychological demands faced by portfolio managers and his approach to managing Asia-specific volatility.
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Gap For A True Asia Multi-Strategy
- Jonathan Xiong saw a gap: no Asia-native multi-strat launched as a true multi-strat from day one.
- He positioned Arrowpoint to offer institutional structure while keeping local PMs and traders in-region.
Founders Resigned Before Funding Cleared
- Jonathan describes resignations and personal capital spent while building infrastructure before funding arrived.
- He says hiring, payroll and nine-month sit-out periods made the launch a binary high-risk endeavor.
Control Cost Pass-Throughs Early
- Avoid unchecked cost pass-through models that burden investors with escalating fixed costs.
- Optimize hiring versus infrastructure and use anchor investors' guidance to set sustainable parameters.