Lionhart spins out Asian strategy fund

The managers of a $170 million Asia-focused multi-strategy hedge fund have spun off from their parent, Lionhart, and set up their own investment-management company called Cannizaro Capital Partners. The new company has also acquired LionhartÆs Hong Kong office and investment team.Lionhart, based outside of London, was established in 1995 and manages three multi-strategy funds with a total of $650 million under management. Two of the funds are global in nature, while the Asian strategy…