The 1MDB saga continues with this unexpected Linkedin email from Alex Turnbull, son of Malcolm Turnbull. Alex Turnbull is based in Singapore ,and has threatened legal action in Australia against this writer.
Alex started a hedge fund in Singapore after leaving Goldman Sachs.He has now revealed that he resigned his position at Goldman's for speaking out about 1MDB.
Be that all as it may, Alex prefers that I remove my 1MDB stories which mention him(which readers know will not happen),and has threatened legal action in Australia, despite his business and he being based in Singapore,and the readership of this blog being primarily in China,Malaysia, and other parts of South East Asia.
Singapore, which has some of the toughest defamation laws in the world would seem like a better place to commence legal proceedings, but the Turnbull's seem to prefer Australia.
The fact that Malcolm is currently PM and the family's choice of jurisdiction cannot be ignored.
END
Now read on:
Reference
Malcolm Turnbull's
son said to start hedge fund in Singapore
Alex Turnbull, son of Federal Communications Minister Malcolm Turnbull, is planning a Singapore-based hedge fund, said people with knowledge of the matter.
Mr Turnbull, who has been an executive director of Goldman Sachs Group's special situations group, will be the chief investment officer of Keshik Capital, said the people who asked not to be identified. The fund will be focused on Asia with flexibility to invest globally. It may start as early as January and will invest in equity and credit, including convertible bonds, they said.
Keshik will be at least the third hedge-fund startup that is tapping Asian opportunities in recent years and involves a former member of the Goldman Sachs unit. The special situations group, known as SSG, invests in distressed debt and companies. It's part of Goldman Sachs's investing and lending operations, which generated $US4.3 billion ($4.6 billion) of pretax earnings last year, the most of the New York-based bank's four business segments.
Mr Turnbull, who is based in Singapore, worked for SSG for four years until earlier this year, according to his LinkedIn profile. SSG's investments include holdings in Japan's largest golf-course operator Accordia Golf and pizza-chain Sbarro.
Connie Ling, a Hong Kong-based spokeswoman for Goldman Sachs, declined to comment on Mr Turnbull's departure.
Goldman Sachs ties
The Sydney native studied at Harvard University and had a stint at Mount Kellett Capital Management, the investment firm founded by former SSG executives Mark McGoldrick and Jason Maynard. His other former employers include Deutsche Bank and Fortress Investment Group, according to his profile.
Malcolm Turnbull was co-chairman of Goldman Sachs's Australian unit between 1997 and 2001.
Jason Brown, a former global head of SSG, set up his own Hong Kong-based fund company Arkkan Capital Management last year, according to the city's Securities and Futures Commission.
Chris Mikosh, another former SSG managing director, co-founded Tor Investment Management (Hong Kong) with Patrik Edsparr, previously a Citadel executive, according to a December 2013 statement from backer Grosvenor Capital Management.
Bloomberg
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