Launches & Closures Hedge Funds

Tim Barakett backs Duma's macro fund relaunch

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Duma Capital Partners' Nadeem Walji has launched a global macro strategy with seed capital from Atticus Capital founder Tim Barakett.

Nadeem Walji, a former portfolio manager both at Soros Fund Management and Duquesne Capital Management, has launched a newly restructured macro strategy at Duma Capital Partners with $50 million in seed capital from TRB Advisors, a global direct investment firm formed by Timothy Barakett, founder and former chairman and chief executive of Atticus Capital.

The new fund began trading in January and will open to outside investors in the second quarter. Walji and his partner and co-founder of Duma Capital Partners, Ashwin Bulchandani, will manage the fund. Both Walji and Bulchandani worked together at Soros and Duquesne. Bulchandani