Sanjiv Bhatia gets seeded for event-driven hedge fund

Sanjiv Bhatia, a former portfolio manager at Deephaven Capital Management, which was wound up in mid-2008, has reappeared with a new Hong Kong-based alternative investment firm called Isometric Capital Management. The target is to launch an event-driven strategy later this year that will focus on equity markets, but also express views across other parts of the capital structure. The fund will launch with $50-75 million, with a capacity of $1 billion-plus. Around $40 million of the i…