Nayan Capital, the hedge fund recently launched off of the VegaPlus Capital Partners platform, has raised $500 million in assets. Run by former BlackRock fixed-income chief Rajiv Sobti, the fixed-income market neutral fund has returned 1.77% YTD, since its inception in June.
Nayan invests primarily in the U.S. high grade market. The fund returns are mostly based upon relative value anomalies in Treasuries, swaps, agency debentures, mortgage-backed securities, asset-backed securities and high quality corporate bonds.
Prior to joining Vega, Sobti was a senior member of the investment strategy group and co-head of the fixed-income group at BlackRock Financial Management.