A former Goldman Sachs executive announced on Friday the launch of his new company, a fund operations and administration provider that will provide back-office solutions for hedge funds.

Tom Chang, former managing director and head of sales for Goldman in Asia, will become the first CEO of OpHedge Investment Services, a Rye Brook, N.Y.-based service provider aiming to capitalize on the growth of the $1.1 trillion hedge fund industry and its proliferation of alternative investment products and strategies.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.