Bennelong adds Tempest fund to profit from tail risk events as its downside insurance bet

Fri Nov 26, 2010



Bennelong Asset Management, the Asia-focused hedge fund firm led by a group of former Macquarie Bank proprietary traders, has launched a new fund specifically designed to profit from market stress and tail risk events anticipated by the firm over the next few years.

The Bennelong Tempest Fund launched on 1 October with $35 million. Of this, $15 million is the firm's own capital - which is expected to be increased to $25 million in the first quarter of next year.

The fund will invest globally in options across equities, currencies, commodities, fixed income and credit. CIO Paul Henry said the firm was looking for a diversified approach...

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