Launches & Closures

Brummer’s Asia event-driven Orvent starts at $140m

by

 
Scott Collison  
Stockholm-based Brummer & Partners, one of Europe’s biggest hedge fund groups with over $10 billion in assets, has launched Orvent, an equities-focused Asia event-driven strategy that it seeded with $140 million in initial capital.

The fund, which is open to external investors, has a capacity of $750 million and targets annual returns of 12-17%. It employs a market-neutral investment style that seeks opportunities arising from the mispricing of companies that are the subject of corporate events across Asia-Pacific, including Japan and Australia.

Orvent is managed out of Singapore by former Millennium trader Scott