SAC, KLS Turn To Morgan Stanley For Fundraising

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...