Tiger Cub Launches Global Macro Hedge Fund

Nov 2 2007 | 11:16am ET

Suranya Capital Partners, a Stamford, Conn.-based global macro shop, has opened its maiden hedge fund, Suranya Global Opportunity Fund, to outside investors. The fund launched with $30 million in proprietary and seed capital.

The fund, founded by Tiger Management alumna Anu Murgai, will invest two-thirds of its assets in developed markets and one-third in emerging markets trading fixed-income, foreign exchange, commodities and equities.

“We look at central bank policies trading the short end of the fixed-income curve and some foreign exchange around that, more directional moves where we think there is going to be a policy shift or a political event that will play out over a period of time, and short-term events around a country’s election cycle,” a source close to the firm said.

Murgai, a former managing director at Shumway Capital Partners, a long/short equity hedge fund with $3.5 billion in assets under management, is the fund’s portfolio manager. Previously, she worked at JPMorgan and Ulysses Partners, in addition to Tiger.

The Suranya Global Opportunity Fund charges a 2% management fee and a 20% incentive fee with a $1 million minimum investment requirement.

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