PAAMCo Raises $100 Million For New Fund

May 1 2012 | 3:09am ET

Pacific Alternative Asset Management has garnered more than $100 million for its latest institutional offering.

The Irvine, Calif.-based fund of hedge funds manager said in a Securities and Exchange Commission it has raised the nine figures from 24 institutional clients since its opening on April 16. All told, PAAMCo has some $8 billion in assets under management.

The customized hedge fund will be open to institutional clients for more than a year, PAAMCo said in the Friday filing. Interested investors will have to pony up at least $1 million to meet the minimum investment requirement.

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