(Reuters) A budding business in Asia is helping revive the fortunes of U.S. hedge fund executive Sol Kumin. The Singapore and Hong Kong-based unit of Kumin’s Folger Hill Asset Management LP received a second commitment of up to $250 million from trading magnate Steven Schonfeld, the hedge fund founder told Reuters in an interview after the portfolio gained about 8 percent over the 12 months through October.
Folger Hill Raises Fresh Cash for Burgeoning Asia Investment Unit
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