{"id":3561,"date":"2026-08-20T18:35:59","date_gmt":"2026-08-20T18:35:59","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=3561"},"modified":"2026-08-20T18:35:59","modified_gmt":"2026-08-20T18:35:59","slug":"the-buzziest-hedge-fund-launch-this-year-is-ex-sequoia-investor-jeff-wangs-heres-who-its-hired-and-how-much-its-raised","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=3561","title":{"rendered":"The buzziest hedge fund launch this year is ex-Sequoia investor Jeff Wang’s. Here’s who it’s hired and how much it’s raised."},"content":{"rendered":"
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Former Sequoia investor Jeff Wang is close to launching one of the biggest hedge funds this year.<\/p>\n

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Wang’s Augnition Global Investors is set to start trading in October with more than $2 billion in assets, two people close to the manager told Business Insider.<\/p>\n

The launch was the talk of Morgan Stanley’s popular Breakers conference at the start of the year; two attendees told Business Insider at the time that they expected Augnition to raise at least $1 billion. A person close to the manager said that Wang and his number two Alan Lo were planning to invest a significant amount of their personal wealth in the new firm.<\/p>\n

A representative for the fund declined to comment.<\/p>\n

The manager, which will be based out of Silicon Valley’s Menlo Park, will invest in public and private companies, Business Insider previously reported. It’s launching with a team of at least 5, including investors from Ziff Brothers’ spin-off Crescent Park Management and Kodai Capital.<\/p>\n

The serious interest from the allocator community is not surprising: Wang ran Sequoia’s global equities business, writing on LinkedIn that assets grew from $600 million to more than $9 billion under his decade-plus tenure atop the unit. His post said the fund returned roughly 17% annually under his management.<\/p>\n

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Wang and Lo, a former SRS Investment Management executive, have built out their team with hires on the investing team and the business side.<\/p>\n

The new hires include:<\/p>\n