UK-based the Kyte Group, along with Talisman Global Asset Management, have launched a new fund management business with a mandate to identif...

UK-based the Kyte Group, along with Talisman Global Asset Management, have launched a new fund management business with a mandate to identify traders and trading strategies with the potential to outperform industry benchmarks.

KTH Fund Management will provide the investment capital to allow these traders to develop marketable hedge fund businesses.

“There are many fund managers in the market with great potential; our job is to find the most skilled and to help them develop their own businesses,” said Dr Rami Habib, managing partner of KTH.

“Many of the top performing hedge funds now have limited additional capacity and are closed to new investors. KTH has been established to develop the next generation of star performers” said David Kyte, director of Kyte Group.

Kyte Group is an independent clearer, broker and trader of derivatives, which was established by David Kyte in 1985.

Talisman Global Asset Management was established in 1990 to invest internationally in equity and venture capital markets. It manages over £400 million ($689.2 million) in investor funds.

Rami Habib set up and managed the quantitative research at FIMAT International Banque, where his main focus was in the area of alternative investments.