Launches & Closures

StoneWater unveils global emerging markets fund


StoneWater Capital, a $135 million New York-based fund of funds, has launched the StoneWater Capital Opportunities Fund to answer a client-driven need for a multi-strategy, multi-manager global emerging markets fund. The new emerging markets fund has already raised $16 million.

Frank Brochin

StoneWater's new fund currently has four Asian managers: one volatility player; one event driven manager; a distressed debt hedge fund; and a long/short equity manager.

In the coming month, StoneWater will add a pan emerging markets manager, a Brazil-based manager and is expected to have eight hedge funds in total by September.