Hedge Funds

Vinya macro launch aims for $500m


Stamford, Connecticut-based Vinya Capital is getting ready to roll out its first fund, which is expected to raise as much as $500 million. The firm, which was recently started by Michael deSa and Farhan Sharaff, is planning the launch of a global macro fund for the fourth quarter. Vinya Global will invest in the global fixed-income, currencies, commodities and equities markets. DeSa and Sharaff, who worked together at Citigroup, are backed by a 16-strong trading desk.

The fund will use both traditional and non-traditional financial instruments such as bonds, equities, options, forwards, futures, swaps and other derivatives. Trades will