Capital Z sponsors Asia-focused hedge fund

The US investment firm is sponsoring a Connecticut-based hedge fund focused on investing in key Asian markets.

New York-headquartered Capital Z Investment Partners has announced its sponsorship of Aviator Fund Management, a US-based hedge fund manager focused on Asia.

Established in July 2003, Aviator employs multiple strategies and asset classes, including capital structure arbitrage, catalyst driven, relative value volatility, convertible arbitrage and quantitative trading strategies, according to a statement from Capital Z.

Founded in 1998, Capital Z is a dedicated institutional sponsor of alternative asset managers with $2.25 billion (€1.75 billion) under management. It focuses on sponsoring hedge fund and private equity fund mangers.

In private equity, Capital Z has invested in CDH China’s growth capital fund; Hutton Collins’ European mezzanine fund; Leman Capitals Western Europe buyout fund; and Seoul Z Capital PartnersKorean buyout fund, amongst others.

William Park, Aviator managing partner and chief investment officer said in the statement: “There exists significant investment opportunities for our Asia-focused investment approach especially given recent capital market developments across Asia and limited number of dedicated arbitrage investors focused on these markets.”

Prior to co-founding Aviator, Park was managing director at hedge fund manager, HBK Japan. His partners and co-founders are Koji Takasumi and Peter Sparks. Prior to Aviator, Takasumi was senior vice president with European investment firm KBC Financial Products where he co-managed the Japanese Single Stock Derivatives trading book; Sparks was previously vice-president and manager in Goldman Sachs Japan technology division in Tokyo, overseeing the building and support of high volume, back office systems for fixed income and equities divisions in Japan and non-Japan Asia.