Bloomberg – Hari Kumar, a founding partner of New York-based asset manager TPG-Axon Capital Management LP, is starting his own hedge fund with $75 million of initial capital from him and a partner, said two people familiar with the plan.
LionRock Capital Pte, based in Singapore, will begin investing June 1 with the money from Kumar and Julian Snaith, the people said. The multistrategy fund will focus on trading Asia-Pacific stocks, said the people, who declined to be identified because the information isn’t public.
LionRock may raise capital from external investors at a later date, though the timing and terms haven’t been decided, they added. Kumar and Snaith declined to comment when reached through e-mail.