Hedge Funds

After strong run, Duma opens to fresh capital

by

Duma Capital Management, the multistrategy firm run by Nadeem Walji, is reopening to new capital this month.

The fundraising is coming after a period of impressive performance at New York-based Duma: As of late June, the firm's flagship fund, Duma Global Opportunities, was up about 15% on the year on a net basis. It has netted about 30% over the last 12 months.

Duma launched in July 2005 with about $400 million of capital. The environment at that time was a difficult one for multistrat funds - particularly those heavily engaged in arbitrage, as Duma was at the time.