Capital Z made an investment in Aviator Fund Management, a hedge fund...

Capital Z made an investment in Aviator Fund Management, a hedge fund manager that invests in key Asian markets using multiple strategies. The size of Capital Z's investment was not disclosed, but it is the firm's third investment in an emerging hedge fund manager in the last 12 months, according to a company statement. Capital Z's investment in alternative asset managers totals $2.25 billion.