Hedge fund Tarascon hires new COO

Roger Lee, the previous head of Nikko Asset Management's Singapore office, has joined Tarascon Capital, a Hong Kong-based hedge fund. Tarascon was established in March 2007 by Jonathan Iu, its CIO, to manage an Asia-Pacific equity long/short strategy, with Morgan Stanley as its prime broker. The fund was a rare success story in 2008, gaining 7% when most other long/short strategies in the region were losing money. Tarascon now manages around $30 million on behalf of individuals and…