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 invest through a long-short strategy, taking both buy and sell positions while maintaining low net market exposure.
Kuark Capital has also appointed Hiro Ikeda, former executive at Optimas Capital, as director of research.
The fund aims to identify listed companies that could benefit from rising AI adoption and growing investments in semiconductor infrastructure across the region.
Kyle Su previously worked at Kadensa Capital, a technology-focused hedge fund known for investing in Asian markets. With Kuark Capital, Su plans to build a focused investment platform targeting opportunities in public technology companies across Asia.