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

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note