16/11/2011 Author: Elana Margulies

Olympian Capital switches to multi-strategy approach

Olympian Capital Management, the Florida-based registered investment advisor and hedge fund manager, is in the process of converting its long/short equity fund into a multi-strategy offering.

The move follows the arrival of Arun Kaul, from Hillsdale Investment Management, as the firm’s new chief investment officer. Kaul already has experience in multi-strategy and global macro investing.

As part of the new direction the Olympian L/S Equity Fund is likely to be renamed, said Kaul. “We believe it is the best way to run money in this environment, in part because the correlations among asset classes are so high. There are also many macro themes driving the markets today so the global view is beneficial and the multi-strat allows us to be in multiple asset classes.”

The fund, which originally debuted in June 2010, has a $1bn capacity. Kaul was a co-founder of Hillsdale Investment Management in Toronto. With Kaul joining Olympian, founder Michael Levas has relinquished his role as CIO and has become director of trading.

HFMWeek previously reported that in October 2009 Olympian Capital Management formed an entity called Olympian Investment Management to debut the long/short hedge fund strategy.

The fund has a $500,000 investment minimum, 2/20 fees and no lock-up.