A number of well-known family offices have backed the launch of Massimo Morchio's Alkimis, enabling the global long/short fund to launch in December with assets of 100 million.
Morchio was previously CIO at RAS, Italy's second largest insurer, where he ran over 40 billion in long-only assets. He left two years ago in the wake of the company's takeover by Allianz.
Alkimis is an onshore Italian SGR - an asset management company authorised by the Banca d'Italia - and runs both the hedge fund and a UCITS III fund with a corresponding strategy.
Morchio heads up a team which also worked