Friday, 31 October 2014
Last updated 10 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.