A pair of Goldman Sachs veterans are readying a global-macro fixed-income hedge fund, backed by Investcorp.
Rishi Chadda and Cyrus Pouraghabagher's Kingsguard Advisors will launch its maiden hedge fund next month. The strategy has been seeded with $50 million from Bahrain-based Investcorp, among the first bond-based global-macro funds backed by the firm.
Investcorp will also provide risk-management, marketing and operational services to Kingsguard, Bloomberg News reports.
Chadda said the new fund would seek to profit from the changing global economic scene, notably new regulations and central bank actions. "These changes create exciting investment opportunities," Chadda told Bloomberg.
Chadda, like Pouraghabagher, joined Goldman's mortgage department in 1997. Chadda rose to become a managing director in the interest-rate products group and Pouraghabagher a vice president on its mortgage-trading desk.