Former Nezu Asia portfolio manager Arnab Sen has founded a hedge fund firm and plans to launch his first fund next month.
Sen’s Harbour Asset Management is readying an Asia ex-Japan equity long/short strategy, HFMWeek reports. The new fund will be called the Harbour Asia Opportunity Fund.
Asia hedge funds currently manage US$137.8 billion, according to AsiaHedge. Investors have been clamoring for more exposure to the region, although “the nascent recovery seen in Asian hedge fund assets toward the end of last year has been stalled due to weak capital inflows, continued redemptions and largely flat performance of the funds in the first half of 2010,” AsiaHedge’s Aradhna Dayal said.