Hedge Fund News From HedgeCo.Net


Old Lane Founders Launch $300 Million Equities Hedge Fund

New York (HedgeCo.net) – In one of this years biggest U.S. based hedge fund launches, four of the founders of the now defunct Citigroup hedge fund, Old Lane, have a new start up hedge fund, Meru Capital Group.

The hedge fund has some $300 million in capital, the Wall Street Journal reports. Meru started trading on December 1st with a large chunk of the partner’s own funds, up to $75 million, according to some reports.

The New York based hedge fund invests in derivatives, equities, fixed-income, and currencies. It plans to move in and out of positions quickly, with no single investment accounting for more than 5% of the fund’s assets, the Wall Street Journal reported this morning.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

This entry was posted in HedgeCo News, Hedge Fund Launches, Developing Stories. Bookmark the permalink.

Leave a Reply