Reported 1 day ago
Ramesh Karthigesu, a former executive at Marshall Wace LLP and founder of Kaizen Capital Partners, has decided to wind down his Asia hedge fund to join Millennium Management as a senior portfolio manager. Karthigesu's move is indicative of ongoing challenges for Asia-Pacific hedge funds amidst a cooling investor interest in the region, particularly in China. His fund, which was established during the Covid era, managed to yield a commendable 15% annualized return since inception, but the shift towards Millennium highlights the increasing pull of larger firms amid an evolving investment landscape.
Source: YAHOO