SPM Launches New Fund

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.

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