MaunaKai Capital Partners, a Hong Kong and Boston-based hedge fund start up, is set to launch its global market neutral longshort strategy during the first quarter of 2005. MaunaKai's Hong Kong-based partner Simon Nip expects to launch with $50 million under management, and hopes to see the fund grow to $500 million within the next three years.
Most of our initial capital comes from our personal investments and from Asian high-net worth individuals and corporates, he says. We also expect to attract European and US-based institutions to the fund as it grows in size and develops a track record.
The fund aims to...
