Launches & Closures Hedge Funds

Former Millgate partner Ben Truck readies Asia-focused fund


Truck Capital Management has targeted a July launch.

  Ben Truck (Photo: LinkedIn)
Ben Truck, a former partner at shuttered Millgate Capital, will launch his own hedge fund this summer, according to people familiar with the plans.

Called Truck Capital Management, the fund will be based in New York with an investment focus on Asian equities. The strategy will include companies across the capital spectrum and across the continent, including Australia, India, Hong Kong and, notably, Japan (many Asian funds specifically rule out investments in economically-uncertain Japan). The fund plans to begin trading in July with Truck and one additional investment analyst aboard, a