EquNev-K1t Capital Hedge Fund merges with Coleman Group

Combined entity has a fund size of $40 million, and an asset base of $400 million

EquNev-K1T Capita Hedge Fund, a US market-focused Indian hedge fund, said it had merged with the UK-based Coleman Group to create a total asset base of $ 400 million, which would allow it to expand into markets like Europe.

Launched in July 2015, EquNev-K1t Capital has been credited with, using its algorithms, taking contrarian view, including the Chinese crash of August 2015, the ‘Santa Rally’ of Dec 2015, the Crude Oil Rally of early 2016, the Brexit Crash of September 2016, the bond yields correction and the shorting of Amazon on several occasions last year.

UK-based Coleman Group, headed by