Newly-launched hedge fund firm Canosa Capital is certainly not having any issues building its assets under management.
Bloomberg reported that London-based Canosa, founded by former Rubicon Fund Management executives Tim Attias and Santiago Alarco, more than doubled its assets since it began trading on May 1. Canosa seeks to profit from broad economic trends by trading stocks, bonds and currencies, and has a focus on fixed-income and foreign exchange.
The firm, which managed about $575 million at the end of September, returned 7.5% through August 30 while similar global macro hedge funds fell 3.8% during the same period.
London-based Rubicon filed a lawsuit against Attias and Alarco in 2011, accusing the pair of secretly conspiring to set up a rival firm.
Canosa is backed by Brummer & Partners, Sweden’s largest hedge fund, which provided $250 million in seed capital.