Ex-Kadensa Manager Kyle Su launches $400 million AI-Focused Asian Hedge Fund

Hong Kong-based fund manager Kyle Su is launching a new hedge fund focused on Asian AI stocks, aiming to capitalise on growing investor appetite for the sector across the region.

The new fund, Kuark Capital, has secured at least $400 million ahead of its launch, according to the ET report. 

Kuark Capital will focus primarily on technology and AI-related companies in Taiwan and Japan, investing through a low-net-equity long-short strategy that seeks to profit from both rising and falling share prices while limiting overall market exposure.

The launch comes amid a surge in Asian technology stocks, driven by optimism around AI and the region’s importance in the global semiconductor supply chain.

Su previously managed an equity portfolio worth about $1 billion at Hong Kong-based hedge fund Kadensa Capital, where he worked for around nine years, according to a Kuark investor presentation seen by Reuters.

The presentation said Kuark’s local networks in Taiwan and Japan, combined with Su’s engineering background, would help the firm identify investment opportunities across the region.

Kuark Capital has also appointed Hiro Ikeda as director of research. Ikeda previously worked at Optimas Capital, Fidelity and T. Rowe Price, and managed a low-net investment mandate for Optimas in Hong Kong for four years, according to the presentation.