Hong Kong-based Geomatrix has reportedly launched a large-cap, long/short fund that hedges its market risk via listed index futures. The Akamai Pan Asia Fund will focus on the major markets of Japan, Hong Kong, China, Korea, India and Australia.

Geomatrix HK is looking for early-stage investors or hedge fund seeders who want an equity long/short manager in Asia that does not have a long bias, Asian Investor reports. The fund's estimated capacity is between $1 billion and $2 billion.

Chairman Robert Howe is Akamai’s portfolio manager. He spent nine years as a portfolio manager at Rowe Price-Fleming International and has also spent four years as an equity analyst in the computer sector for T. Rowe Price Associates.