Singapore-based Cavenagh Capital has rolled out its Asian macro fund, which started trading on June 1. The team behind the firm is JPMorgan and DBS veteran Lee Ka Shao, and former Morgan Stanley and Dexion man Andrew Gale.
Cavenagh has also brought in The Khim Swee from Black River as the head of risk management and operations. Middle and back office functions have been outsourced to LaCrosse Global Fund Services. Gale has taken on the role of CEO and head of business development while Lee is the CIO. The fund is targeting returns of