MaunaKai brings quantitative edge to Asian investment

MaunaKai Capital Partners, a Hong Kong and Boston-based hedge fund start up, is set to launch its global market neutral long/short 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 a…