Former GMO Execs Nanda, Wu Launching New L/S Macro Hedge Fund

Jul 27 2015 | 5:16pm ET

Former Grantham, Mayo, Van Otterloo & Co. (GMO) portfolio manager Nick Nanda is launching his own long/short hedge fund that will invest globally. 

The new firm is named Kaleidoscope Capital and is based in Boston. Nanda started the firm last year along with quantitative specialist Kai Wu, who helped design the portfolio construction process for GMO’s $2.8 billion global macro hedge fund.

The Boston-based fund plans to being trading in September, according to Bloomberg, and will utilize both quantitative models and discretionary strategies to guide trading. It will reportedly use futures and options to make wagers on stocks, bonds, currencies, commodities and volatility. 

The new fund will seek to make relative value trades across a wide range of assets and markets, according to the article, in contrast to most macro managers who make broad bets on specific economic events or trends. 

Nanda left GMO last year after working there since 2003. He was one of four co-managers responsible for more than $50 billion in asset allocation and absolute return strategies, and worked in tandem with the company’s co-founder Jeremy Grantham.


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