Michael Dell’s Money Manager Launches Energy Hedge Fund

Mar 9 2011 | 3:09am ET

New York-based asset management firm MSD Capital has raised $779.86 million for a new hedge fund vehicle, MSD Energy Partners, according to a regulatory filing.

The money invested in the newly-launched energy-focused fund comes from 25 investors, according to the filing.

The new fund is being managed by Brian Frank. Prior to joining MSD, Frank was a portfolio manager at hedge fund firm Cumberland Associates from 2005 to 2008. Before joining Cumberland, he served as a director of Harman International, a principal at W.R. Hambrecht + Co, and an analyst in the merger and acquisitions group at Lazard Freres.

MDS Capital—Dell Computer founder Michael Dell's investment business—was founded in 1998 to manage his own fortune, but last year MSD began taking in capital from outside investors. With the latest capital inflow of almost $880 million, the 80-person firm is believed to manage over $12 billion.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...