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IKOS Co-Founder Launching Fund

Mar 02, 2014
Jing Chen

The co-founder of Cyprus-based IKOS Asset Management is starting a $270 million fund through his new firm.

Bloomberg reported that Martin Coward’s Malta-based dormouse, which has been trading since 2011 with his own money and that of two other investors, will begin accepting money from outside investors. The fund, which currently manages about $270 million, is expected to grow to about $1 billion in three years.

Dormouse is planning to open a London office in the spring to house marketing employees and researchers.

Coward left IKOS in 2009 after his wife and IKOS co-founder Elena Ambrosiadou, accused him of cheating. After he left, the pair sued each other for alleged spying and stealing of IKOS strategies and ideas. The divorce led to more than 40 lawsuits in at least four countries.

 

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