New York-based hedge fund firm Manikay Partners is planning to expand its presence in Europe by opening a new office in the UK capital.

The new office will be Manikay’s third office globally, following its New York headquarters and an office in Sydney, Australia, according to Financial News.

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Founded by ex-UBS trader Shane Finemore in 2008, Manikay Partners manages nearly $1.7 billion in assets.

Manikay is a US multi-strategy hedge fund that follows an opportunistic investment approach based on long-bias global equity and arbitrage and short-term trading.

Additional information regarding the new office was not disclosed.

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