Ivaldi Capital, the alpha-generation platform formed by Citi
in 2010 and backed by major institutional investors, is
spinning out its first internal portfolio management team as a
Former Altima Partners long/short equity manager Makis
Kaketsis and his team on the MSK strategy are going solo with
Ivaldi's backing and will be taking in outside investor capital
from the start of October.
Ivaldi is providing $200 million of locked-up capital to the
newly formed MSK Capital entity and the firm is limiting the
initial capital-raising from third-party investors to just $100
million - after which the fund will close for 12 months.