RSR Capital is preparing its year-old hedge fund for an influx of new capital and new investment opportunities.
The Singapore-based firm hopes to increase its assets under management to US$100 million this year, co-founder Christophe Delorme told Reuters. The firm currently manages US$60 million in its Caerus Arbitrage fund, up from US$4 million at inception in August.
The four men—Remi Colinmaire, Delorme, Serge Handjian and Robert Webb—behind RSR aren't focused exclusively on fundraising; they are also looking for the next "big shock" that will give its volatility fund its next big month. Caerus enjoyed its best month ever in March, rising 4.4% in the wake of the "Arab spring" in the Middle East and North Africa and the tragic earthquake and tsunami in Japan.
"We are expecting more shocks than that, not coming from events like this one, but economic events," Delorme, formerly head of Japanese over-the-counter multi-products at Newedge Group, said.
"We are just getting prepared because we think the big shock could happen tomorrow or it could happen in six months."
Colinmaire is the former head of index volatility trading at Goldman Sachs, Hanjian the former head of equity derivatives in Tokyo at Barclays Capital and Webb the former head of Asia index options trading at Morgan Stanley.