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