Into the fire – MM Capital launched fund into the financial crisis and returned +35.58% in 2008 raising assets to $50m
Tuesday, April 21, 2009 : PermalinkOpalesque – Launching in July 2007 with internal funds and the strength of a single seed donor New York-based MM Capital waded directly into the oncoming financial crisis with $6m in assets under management.
In the midst of historic industry wide asset declines the firm has managed to raise their asset levels to approach $50m (up 700%), and serves as a reminder amidst the asset raising doom and gloom that solid performance does indeed draw investor attention.
Tags: 6m, asset levels, assets-under-management, doom and gloom, financial crisis, investor attention, midst, reminder
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