Fund launches & closures

Karmali to restructure Cypress Lane business post fund

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Shafiq Karmali, a former star trader at Goldman Sachs Asia’s Principal Strategies Group (GSPS), is understood to be closing the pan-Asia long/short equity Cypress Lane Asia Fund, about 15 months after its launch, and is returning capital to investors.

Karmali is said to be restructuring the business, which will see him close the Hong Kong-based Cypress Lane Capital investment advisory office within the next three to six months and move to Canada to be closer to his family. He will initially trade his own money from Canada, where he will examine a re-launch of the firm’s strategy.

Cypress