Ruth Emery

Maybe it's beginner's luck, but Mirae Asset's Raymond Cheng is off to a fast start in Hong Kong running a new infrastructure fund.

Thirty-four-year-old Raymond Cheng got his first chance to manage a fund this year, and he's made the most of it. South Korea's Mirae Asset launched its Asia Pacific Infrastructure fund on Feb. 23, and put Cheng in charge. Since then the fund has vacuumed up more than $2 billion and soared 43%. To celebrate, Cheng is getting married Dec. 28 in Hong Kong, where he works out of Mirae's office in Pacific Place. He met his fiancée in business school in New York

Sporting fashionable glasses and often lapsing into an infectious giggle, Cheng seems completely at ease as the money pours in and the days to his nuptials count down. The fund, which doesn't invest in Japan, is available only to Korean residents, but he hints that the company is looking at offering it to foreign investors. He says he works out of Hong Kong, rather than Seoul, because it's easier to visit companies across the region from there.

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Posted by dcjaya at December 31, 2007 6:02 PM