Bloomberg – Simon Leversha, a former managing director of Citadel Investment Group LLC, is starting his own hedge fund this week to trade securities affected by events such as mergers, spinoffs, litigation and regulation.
Imperia Asia Offshore Fund will start investments initially with less than $10 million of partners’ money, Leversha said in an interview in Shanghai yesterday. It will target Asian stocks whose prices will be affected by corporate events over three to six months, Melbourne-based Leversha said.
