Thursday, 28 May 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
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