(Reuters) Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, two people familiar with the matter said.Boston-based Solel, which is being launched by Craig Peskin and Peter Fleiss, will be the first, and likely the largest spinoff, from Highfields, a $12 billion fund that stopped managing money for outside clients last year.
Highfields Spinoff Solel Partners to Start Trading Later This Year
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