UPDATE 1-Ex-SAC Hong Kong trader readies hedge fund to bet on price swings
May 30, 2013 at 23:51 PM EDT
HONG KONG, May 31 (Reuters) - Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, people familiar with the matter told Reuters.