Like Chanos's other projects, the new vehicle will be Greek and clever in name. FINalternatives has the details.
Chanos has raised $20 million for a new Caymans-based hedge fund, according to regulatory filings. He has also launched an onshore version of the new vehicle, Kriticos—which is Greek for ‘judgment’ or ‘discernment'— although the U.S. version has yet to raise capital.
Both Kriticos International and Kriticos Partners have a $1 million minimum investment requirement. It is not known what strategy the funds will employ, and calls to Chanos’ $3 billion hedge fund firm Kynikos Associates were not returned by press time. In addition to Chanos, the documents name Brian Nichols, managing director and CFO of Kynikos, as a director of both funds and Martin Lang as a director of the Caymans vehicle.