Launches & Closures

Minerva expected to roll out Asia macro fund with $70m

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Minerva Capital, the new hedge fund outfit being set up by Stanley Ku, the former head of Hong Kong for Fortress Investment Group, is understood to be rolling out an Asia macro strategy with around $70 million.

Dorothy Lau joins from Merrill Lynch as founding partner taking on the responsibility for risk and business management.

At ML, she was a director of investments. Ku and Lau worked together for six years at Goldman Sachs' FX/IPRP team. Hong Kong-based Minerva is expected to start with a team of five.

Besides founding and running the Hong Kong office, Ku has