Ex-SAC Capital Advisors trader Ali Akay is poised to roll out his emerging-markets focused hedge fund on December 1, Reuters reports. The fund, which has already garnered about $200 million, is aiming to soft close at approximately $500 million early next year.

Before setting up London-based Carrhae Capital, Akay worked at the $14 billion Stamford, Connecticut-based hedge fund SAC. SAC was set up by billionaire Steven Cohen.

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