Perry Vets Win First Institutional Investors

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.

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