Andrew Gale and Lee Ka Shao’s Cavenagh Capital has received $40 million in cornerstone investment from a large Dutch pension fund. With this, the entire team is relocating to Amsterdam from Singapore and the firm will launch a Luxembourg-domiciled fund, the Cavenagh Asia Fund, on July 1.
“This will serve as a springboard to the next level,” said Gale. “We will be able to benefit from a very credible backer and critical mass of funds to trade the markets in the way we wish to, and attract other investors going forward.”
The firm will