Sunday, September 19, 2010

Jim Pallotta launches Raptor Evolution Fund

Legendary hedge fund manager Jim Pallotta is returning to the industry with the launch of the Raptor Evolution Fund. The new hedge fund management firm has reportedly raised approximately $200 million and will employ the same long/short equity strategy that established Pallotta during his impressive run at Paul Tudor Jones’ Tudor Investment Corporation. According to theNew York Times, Mr. Pallotta achieved returns that averaged over 19% annually over his 15 year tenure at Tudor.

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