Tontine Raises $12 Million For New Hedge Fund
May 29 2009 | 10:57am ET
Jeffrey Gendell is laying the groundwork for his comeback, with his Tontine Partners raising money for a new hedge fund.
The Greenwich, Conn.-based firm has raised $11 million for its new Tontine Total Return Fund, as well as $1.6 million for an offshore version of the new vehicle, according to a Securities and Exchange Commission filing.
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