Sunday, 21 December 2014
Last updated 3 hours ago
Jan 6 2012 | 9:08am ET
Carrhae Capital is well on its way to its US$500 million fundraising goal.
The London-based firm, founded by former SAC Capital Advisors trader Ali Akay, has raised US$150 million since it debuted last month. That amount, raised from just one investor, is in addition to the US$200 million Carrhae raised prior to its launch, HedgeFund.net reports.
It is unclear who that investor is, but Reuters reported in November that Carrhae was in advanced talks with the Blackstone Group about seeding its fund.
Carrhae, an emerging markets fund, began trading on Dec. 1 and opened to investors on Dec. 12. The firm expects to reach the US$500 million mark early this year.
Carrhae has a US$5 million minimum investment requirement.
In addition to Akay, Carrhae features two other former SAC traders on its six-member team.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.