AR Capital’s Connelly Seeks to Grow Hedge Fund to $250 Million

Bloomberg – AR Capital Management, a hedge-fund manager run by two former Goldman Sachs JB Were Ltd. bankers, aims to more than triple the size of its Australian equities long-short fund.

The Ascot Long Short Equity Fund, which trades Australian stocks and options, has A$76 million ($65 million) and is seeking to increase that to A$250 million in the next 18 months, said Craig Connelly, 43, who co-founded the firm in August 2005.

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