Global arbitrage spin out launches in Singapore

Singapore-based Aravali Asset Management officially launched its initial fund on March 1, following a spin out from Ariana Investment Management.

The Global Arbitrage Fund, which launched with just under $100 million, is a market neutral strategy that the Aravali team led by Chief Investment Officer Mukesh Dave managed previously that incorporates a range of arbitrage strategies.

Dave had been portfolio manager at Ariana since 2014 and has more than 25 years of experience trading foreign exchange, rates, derivatives, options and local currency credit markets in Asian emerging markets. Previously, he was the co-head . . .

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