Wednesday, 28 September 2016
Last updated 12 hours ago
Oct 3 2011 | 12:58pm ET
Structured Portfolio Management, which enjoyed big returns in its flagship in 2009 and last year, has launched a new fund.
The mortgage specialist opened the new vehicle on Sept. 16, HedgeFund.net reports. The Stamford, Conn.-based firm, headed by Don Brownstein, raised $125 million for the launch.
SPM plans to keep the fund open to investors for more than a year.
The firm, which currently manages about $2 billion, was named the best-performing hedge fund with at least $1 billion in assets by Bloomberg Markets for last year.