Tontine Raises $12 Million For New Hedge Fund

May 29 2009 | 11:57am 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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