Launches & Closures

Blackstone backs former SAC/HBK man Akay’s Carrhae


Rob Kirkwood, Ali Akay and Adrian Heaton
Carrhae Capital, the new London-based emerging-markets operation led by highly-rated former SAC, HBK and Goldman Sachs man Ali Akay, is lining up for launch in what looks set to be one of the most significant new hedge fund start-ups in Europe this year.

Carrhae has attracted substantial backing from cornerstone investor Blackstone – in what sources say is the US group’s largest seeding of a European-based launch – and is also generating heavy interest from other investors ahead of its anticipated start in December. The intention is to