Kyle Su, former portfolio manager at Kadensa Capital, has launched a new hedge fund called Kuark Capital with a target corpus of $400 million.
According to an ET report, the Hong Kong-based fund will focus on technology and AI companies across Asia, especially in Taiwan and Japan. It will make investments using a long-short strategy, keeping low net market exposure while taking both buy and sell positions.
Additionally, Hiro Ikeda, a former executive at Optimas Capital, has been appointed director of research at Kuark Capital.
The fund seeks to find listed businesses that might profit from the region’s expanding investments in semiconductor infrastructure and growing use of AI.
Kyle Su was formerly employed by Kadensa Capital, a technology-focused hedge fund with a reputation for making investments in Asian markets. Su intends to create a targeted investment platform with Kuark Capital that focuses on opportunities in Asian public technology companies.
