Thursday, 30 July 2015
Last updated 14 hours ago
Feb 20 2014 | 1:02pm ET
Yen Liow, a former sector head at Ziff Brothers' hedge fund, has raised $870 million for his long/short equity hedge fund.
Liow launched on and offshore versions of the Aravt Global fund in February, according to regulatory filings.
The launch has been much anticipated since Ziff Brothers announced late last year it would wind up its hedge fund operation to seed new funds; a decision prompted by the impending 2015 retirement of the hedge fund's head, Ian McKinnon.
It is not known whether Ziff seeded Aravt.
Ziff alumni Kenneth Wong and Rameez Saleh have joined Liow at Aravt, as has Wall Street Journal vet Jim Oberman, who has taken a research position with the new fund.
Aravt Global carries a minimum investment of $25 million.
Reached by FINalternatives, an Aravt spokesman declined to comment on the new fund.
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…