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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note