New Hedge Fund launches in April, according to a With Intelligence report:
- A professional in investment targeting digital assets is getting ready to launch his own hedge fund. Patrick Hidalgo is currently working on establishing Freights Bay Digital Asset Management, headquartered in Sumter, South Carolina. The firm's focus is expected to center on investing in renewable energy projects that facilitate bitcoin mining.
- Carmignac, a French asset manager, has launched the Carmignac Portfolio Inflation Solution, a macro fund designed to diversify investors' portfolios in the context of structural inflation. It's expected to become available to external investors in the future, having been introduced by the Paris-headquartered firm towards the end of last year.
- Monolith Management, an investment firm based in China, is gearing up to unveil a new hedge fund exclusively focused on public equities. Led by former Sequoia Capital China partner Cao Xi, Monolith aims to introduce the offshore product in late Q2 or early Q3, as per sources familiar with the firm's intentions.
- A VR Capital Group portfolio manager, Joshua Nemser, is gearing up to launch Nine Left Capital, a credit-focused hedge fund, in Q3. The New York-based firm will specialize in credit and special situations across emerging and developed markets.
- Sashank Narasimhadevara, a portfolio manager from credit hedge fund Sona Asset Management, is considering launching his own firm. In the initial planning stages, details such as fundraising goals and service provider agreements remain unclear.