Thursday, 28 July 2016
Last updated 26 min ago
Sep 30 2011 | 10:27am ET
Hedge fund Moab Partners has boosted its assets under management to $300 million with its first institutional allocations.
New York-based Moab signed on its first institutional investors this quarter, HFMWeek reports. U.S. life insurers were among those institutional investors, and now account for 10% of its assets under management.
Moab, an event-driven specialist, was founded by Michael Rotherberg and David Sackler, formerly of Perry Capital.