Morgan Stanley, PIMCo Vets Prepare US$1 Billion Asia Hedge Fund

Feb 16 2012 | 11:53am ET

The former head of fixed-income for Asia-Pacific at Morgan Stanley is set to launch a hedge fund with a former Pacific Investment Management Co. adviser, with an eye towards managing US$1 billion.

Ranodeb Roy has set up RV Capital Management in Singapore. The new firm—the "V" stands for co-founder Vickram Mangalgiri—will launch its maiden hedge fund in April or May, investing in credit, interest rates and foreign exchange, with a focus on liquidity.

Roy said the fund's capacity is US$1 billion, although he and Mangalgiri plan to "start off small." He has already begun marketing the fund to institutional investors in the U.S. and Europe.

The firm's founders have already been joined by former BNP Paribas South Asia interest rate and foreign exchange structuring head Rajesh Mahadevan to serve as head of trading strategy, and plan to hire an India-based research team. At launch, RV could employ as many as 10 people.

Roy joined Morgan Stanley in 2008 after leaving Merrill Lynch.


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