Launches & Closures

GIC former strategist to launch his own hedge fund

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Aje Saigal, the former investment strategist at the Government of Singapore Investment Corp (GIC) sovereign wealth fund, is launching in July his own hedge fund, which is receiving seed capital from his former employer.

Saigal had spent his entire investment career with GIC, having worked at the body since it was established 30 years ago.

Sources say Saigal’s Nuvest Capital is looking at launching the global multi-asset Nuvest Global Fund.

It is understood that the new fund will focus on emerging markets.

Saigal, who will serve as CIO, has hired former Barclays Global Investors and Vanguard executive Lee