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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...