Launches & Closures

Former TPG-Axon partner Kumar sets up under LionRock brand


Hari Kumar, former Hong Kong-based partner for $11 billion TPG-Axon, is setting up on his own. Joining him at LionRock Capital is former TPG-Axon staffer Julian Snaith.

The new shop will be based in Singapore and is one of the most watched hedge fund launches this year, given the pedigree of Kumar and his team, with comparisons being made to Hyder Ahmad's Broadpeak Capital.

LionRock will start with an Asian multi-strategy mandate with a large long/short component. Launch is scheduled for June 1, but the firm will only manage partner capital initially. The firm will launch with US$75