London-based hedge fund firm Canosa Capital is set to surpass $1 billion in assets under management this year.
Bloomberg reported that the firm, which currently manages approximately $635 million, is expecting to receive another $115 million by February 3 and at least another $250 million by April.
The article added that inflows to the firm are coming in from institutional and wealthy investors in Europe and the U.S. The firm also earned a 9.4% return from its inception in May 1 through December 31.
Launched last year by two former Rubicon Fund Management executives Tim Attias and Santiago Alarco, Canosa was seeded by Swedish hedge fund giant Brummer & Partners.