A Russell Investments veteran has launched his own long/short equity hedge fund.
Ashwani Sirohi’s eponymous firm launched its debut vehicle on April 1 with $2 million in initial assets. The fund will hold between 20 and 30 names across industry sectors, and is 80% net long, HedgeFund.net reports.
The Sirohi Capital fund will close at $100 million.
Sirohi specialized in quantitative stock research and portfolio modeling at Russell.
The new firm is based in Issaquah, Wash., outside Seattle. MS Howell & Co. serves as prime broker and Goldman Sachs as custodian.