Wednesday, 29 July 2015
Last updated 13 min ago
Feb 15 2012 | 12:56pm ET
Even the biggest names in the hedge fund industry occasionally need help raising money.
SAC Capital Advisors and KLS Diversified Asset Management have turned to Morgan Stanley's capital introduction team as each seeks $500 million in fresh cash. SAC, which has also engaged Barclays for the effort, wants the money for its new reinsurance business, while KLS hopes to add half-a-billion to its multi-strategy fixed-income fund.
According to HFMWeek, both fundraisings are in process and will likely take several months to finish.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…