Kumar, Ex-TPG-Axon Partner, Said to Start Hedge Fund

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.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.