Now that he’s retired, the 31-year-old former French Open champ appears to be just as intense about managing his investments.
Chang and his brother and adviser, Carl, are setting up a cross-border pairs-trading hedge fund, Traicio Partners. In September, just before this year’s U.S. Open -- after which Michael bid farewell to professional tennis -- the Chang brothers bought Dunton Realty, a Denver property broker. They may turn it into a real estate investment trust for as much as $200 million of their own and outside investors’ money.
During his playing career, Michael depended upon Carl, who studied business at Berkeley, and their father, Joe, a chemist-turned-real-estate-investor, to oversee his finances.
“From an investment standpoint, he’ll be significantly involved,” says Carl of Michael, who late last month was on a speaking tour and unavailable for comment. “From a day-to-day management standpoint, he’ll be less involved. He’s very interested in investing and has been involved in managing his own assets for a number of years now. But he’s recently retired, so he’s still in transition.”
