Former CS Banker Launching Quantitative Long/Short Equity Fund

Sep 2 2015 | 11:59am ET

In the midst of severe volatility in global financial markets, former Credit Suisse private banker Shilpi Chowdhary is launching an Asia Pacific quantitative hedge fund that will use behavioral finance theories to go long and short stocks.  
 
The Ataraxia Quant Fund Asia Pacific will begin trading in October, according to a Bloomberg article, and will seek to generate annual returns of 12%-15% with less than 10% volatility. The fund will bet on falling and gaining stocks while being independent of market movements, noted Chowdhary in an interview.
 
The fund will be housed within Ataraxia Quant Strategies, a division of Chowdhary’s Singapore-based Lighthouse Canton Pte. Edward Moon and Indaka Nanayakkara will reportedly manage the new fund.
 
Moon is the former CIO of Woori Absolute Partners in Singapore and head of Korean equity capital markets at Citigroup. Nanayakkara was previously co-founder of Singapore-based hedge fund Piquant Capital.
 
Lighthouse Canton currently has $300 million in assets under management, according to Bloomberg, $200 million of which is in managed accounts and $100 million in the firm's SageOne India Growth and Orion Global Multi-Strategy funds.

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