Columbus Nova Capital, the hedge fund affiliate of multi-billion international investment and industrial holding company The Renova Group, has opened its doors to investors for the first time. The hedge fund was seeded with $50 million in assets from its parent company at the beginning of 2003. The global opportunity fund, which has produced a compounded annual return of 23.79%, is now looking to raise assets from outside investors.
The fund is run by a team that includes founder Brook Taube and portfolio managers Andrew Fentress and Ajay Mehra. The portfolio holds long and short positions in the