Launches & Closures

Arrowgrass to add dedicated volatility fund for protection


Arrowgrass, the $3 billion London-based multi-strategy hedge fund group led by senior ex-Deutsche Bank traders including CIO Nick Niell and CEO Henry Kenner, is planning to launch a dedicated volatility fund as the latest step in its growth.

Henry Kenner

The new Arrowgrass Vega fund, whose primary purpose will be downside protection for investors at times of spiking equity market volatility, will be structurally long volatility and intends to be fully invested at almost all times.

It will charge no performance fee and will replicate some of the strategies that are already traded in the multi-strat