Launches & Closures

Ku’s comeback macro strategy to launch in October

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Stanley Ku, former head of Minerva Capital, and his hedge fund partner Chester Kam have been busy meeting investors in the past month, having set October as the timetable for launching their Asian macro hedge fund, which is expected to launch with assets at around $40-100 million.

The target size for the launch has apparently been reduced as a result of the recent turbulence that swept through markets and made it more difficult for start-up funds to raise capital. In fact, in August, sources said start-up managers taking the plunge were launching with AUMs below $10 million.

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