Stop The Presses! Firm ‘Accidentally’ Issues Release

Mar 10 2006 | 12:00am ET

Ladenburg Thalmann Asset Management has reportedly launched a new hedge fund that will invest in blank check companies.

A spokesman at the firm declined to comment on the new fund, LTAM/SMC Opportunity Fund.

News of the fund launch was reported in HedgeWeek, and a source familiar with the matter said an administrator affiliated with the money management firm “accidentally” sent the press release to the media outlet.

LTAM has a strict policy of not announcing its new funds while the firm is in the capital raising stage. According to the press release in HedgeWeek, the fund will be managed by Steven Cohen and has the capacity to take in $300 million.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…