Launches & Closures Hedge Funds

Nomura, BlackRock exec. Rajiv Sobti preps fixed income macro fund

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His previous fund was up 10.21% this year before his recent departure.

Rajiv Sobti, a former co-head of fixed income at BlackRock who was most recently chief investment officer of the Nomura Global Alpha fund, has launched Karya Capital Management and is raising money for a fund that will execute global macro bets using fixed income securities.

The fund will invest in liquid, high-grade fixed income securities, such as treasuries and agency mortgage-backed securities, according to an investor.

Karya will employ essentially the same strategy as Sobti's previous fund, which launched in July 2008 shortly after Sobti joined Nomura. That fund has generated impressive performance in