Hedge Funds

Venus hires Wellington vet as CIO for Asia

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Sandy Mehta has joined Boston-based Venus Capital as chief investment officer for Asia. Mehta will manage a new Asia-Pacific long/short fund that the firm is launching. The ex-Japan Venus Acumen Fund will be starting with $5-$10 million within the next month. The present soft close target is $200-$300 million. The firm already manages an Indian focused multi-strategy arbitrage fund with assets of $25 million, which it launched 18 months ago in partnership with stockbroker, Ashok Agarwal, in India. The firm has assets under management of about $80 million.

Mehta has more than 16 year's experience in the investment