Russell’s Sirohi Offers First Hedge Fund

Apr 9 2010 | 1:17am ET

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, 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.

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