Ex-Deutsche Banker's Macro Fund Raises US$600M In Six Months

Apr 19 2012 | 11:02am ET

Deutsche Bank's former global macro chief's new hedge fund has been raising money at a rate just about anyone would sign up for.

Kay Haigh's Avantium Investment Management has tripled its assets under management, from US$200 million at launch just six months ago to US$600 million. The fund has an initial capacity of US$1 billion.

"We have engaged with a  large number of investors over the past year," an Avantium spokesperson told HFMWeek. "Emerging markets macro has been a strategy in which investors have been broadly looking to increase allocations."

Avantium said its investor base was "diverse," with institutional investors, endowments and family offices among its clients.

Haigh and seven members of his team at Deutsche Bank set up Avantium last spring. The firm will focus exclusively on its emerging markets fund for the time being before considering other launches; it isn't even planning a UCITS III-compliant version of its flagship strategy.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…