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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...