Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Carrhae Capital Launching New Hedge Fund

Feb 06, 2014
Jing Chen

Emerging markets hedge fund firm Carrhae Capital has raised $125 million for a new long-only fund.

Financial News reported that the opening of the new fund, which will launch next month, was prompted by investor demand after the London-based firm “substantially” outperformed the emerging markets  benchmark in the two years since its inception.

The long-only fund will have about 40 positions taken from Carrhae’s long book.

Carrhae was founded by former SAC Capital Advisors portfolio manager Ali Akay in 2011 with $150 million in seed capital from Blackstone Group. Carrhae currently manages approximately $695 million with the addition of the new fund.

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