Loews-Backed Hedge Fund Debuts

Nov 11 2010 | 2:11am ET

Hedge fund SkyTop Capital Management has launched a special situations and opportunistic hedge fund backed by the Tisch family.

Troubled fund of hedge funds shop Pacific Alternative Asset Management plans to invest $75 million in the new SkyTop Fund, which launched last month. The fund has also been seeded by the Tischs with $25 million, HFMWeek reports.

SkyTop is structured as a managed account platform.

SkyTop co-founder and portfolio manager Dan Sobol formerly managed money for the Tischs at Loews Corp., the Tisch family’s holding company and former parent of the movie theater chain. The firm’s co-founder and president, Lisa Hess, is the former chief investment officer at Loews.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…