The hedge fund firm founded by three former Citigroup prime brokers is seeding two Asian hedge funds.
Bloomberg reported that the hedge funds Ivaldi Capital are backing will begin trading in the first half of 2013. One of the funds will utilize a market-neutral long-short equity strategy that trades with computer models, while the other is a stock fund that focuses on Asia’s telecommunications industry.
William Potts, the chief executive officer of Ivaldi, told Bloomberg that the firm currently only manages money for European state pension funds and plans to allocate 30% of the capital committed by investors seeking global diversification to Asian managers.
London-based Ivaldi was founded in 2009 by Potts, Todd Johnson and Nick Jarrett, who all held senior positions at Citigroup.