Wednesday, 26 October 2016
Last updated 2 hours ago
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.