N.Y.-Based Southpoint Nets $233M

Jan 31 2012 | 10:02pm ET

A $1 billion New York hedge fund has raked in more than $200 million for its new offering in just a month.

Southpoint Capital Advisors opened its Cayman Islands-domiciled fund on Jan. 1, and as of yesterday had garnered $233 million from 24 investors, it said in a Securities and Exchange Commission filing. Southpoint said that the figure is only for sales to U.S. investors and does not take into account any redemptions or withdrawals.

The fund, managed by Southpoint CFO Anthony Buffalano, has a $1 million minimum investment requirement.


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