Skylands Nets $295.5M

Mar 12 2012 | 2:31pm ET

A Wisconsin hedge fund has raised almost $300 million in new money for three of its funds.

Skylands Capital said in a Securities and Exchange Commission filing that it raised $295.5 million. Most of the money went to its Special Investment fund, which brought in $190.2 million to add to the $407.4 million it had previously raised.

Wauwatosa-based Skylands also raised $68 million for its Quest fund and $40.3 million for its Special Investment II fund. The former had previously raised $145.7 million and the latter $85.3 million.

Skylands is led by former Strong Financial Corp. hedge fund manager Charles Paquelet.

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