Friday, 27 February 2015
Last updated 48 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…