Bloomberg -Oct. 15 (Bloomberg) — Now that their teams are out of the Major League Baseball playoffs, New York Yankees catcher Jorge Posada and Chicago Cubs outfielder Alfonso Soriano may turn theirattention to a new hedge fund investment.
The star athletes’ financial advisers, former Merrill Lynch & Co. employees Juan Collar and Anthony Fernandez, named them and two other Latino ballplayers as investors in the Miami-based hedge fund the advisers started in March, according to a July 12 private placement notice filed with the U.S. Securities and Exchange Commission. The fund plans to raise as much as $60 million.
