MARAVI Capital Management

MARAVI Capital Management

Andres Borenstein established MARAVI Capital Management in 2018 following a ten-year tenure at Soros Fund Management, where he focused extensively on emerging-market macro strategy. The launch placed MARAVI into a cohort of prominent Soros alumni hedge funds that allocators track for sustained global macro talent. Borenstein's mandate at MARAVI reflects the same liquid, discretionary approach he practiced at Soros — concentrated on high-conviction trades across G10 and emerging-market rates, currencies, and sovereign fixed income. The fund's investment strategy is fundamentally global macro, deploying capital across foreign exchange, interest rates, sovereign credit, and cross-asset relative value opportunities. Geographically, the strategy favors Latin America and other emerging markets, where Borenstein built his analytical reputation, while also maintaining significant exposure to G10 currency and rate markets. The vehicle operates as a traditional hedge fund partnership rather than a family office, taking both directional and relative-value positions. The firm does not publicly disclose specific portfolio holdings or sector exclusions, operating with the opacity typical of a concentrated macro manager. MARAVI's operational footprint is lean, consistent with a founder-led macro fund. Borenstein is the central decision-maker, supported by a small investment team in New York. Headcount and assets under management are not publicly reported. The firm has not launched adjacent vehicles, philanthropic foundations, or co-investment platforms under the MARAVI name. Its capital base is assumed to draw from institutional allocators, family offices, and high-net-worth individuals familiar with the Soros macro lineage. Structurally, MARAVI differs from multi-strategy peers by remaining a focused, founder-driven macro fund with no reported expansion into private markets, systematic strategies, or multi-manager architecture. The succession model centers entirely on Borenstein, mirroring the concentrated governance of other pedigree macro spinouts. This structure allows for rapid, unencumbered decision-making in liquid markets, though it also means key-person risk is materially higher than at institutionalized platforms.