Denahi Global Investment opened today; it will offer long-short strategies focused on Asian equities. M.D. Sass has taken a "significant" stake in the new firm, as well as providing Eswar Menon, Denahi's principal and CIO, with the firm's first assets to manage, said spokesman Ari Sass. Details of the deal weren't disclosed.
M.D. Sass Investors Services will also provide the new firm with "investment expertise, marketing, client service, legal and compliance, administrative and infrastructure support," according to a news release.
In a telephone interview, Mr. Menon said he has worked to launch his new firm since he left Loomis Sayles at the end of 2004; he ran international and emerging markets equity strategies. Denahi plans to begin marketing its long-short Asian strategy to high-net-worth and hedge fund-of-funds investors next year, Mr. Menon said.
