Monday, February 28, 2011

$100mm+ Hedge Fund Launches by Indaba Capital & Ionic Capital

A couple of hedge fund managers are proving that the fund raising environment for new launches is improving. Earlier this month, newly formed Indaba Capital launched its first hedge fund with a reported $150 million in assets under management, while Ionic Capital Management has reportedly raised more than $100 million for its newly launched convertible bond focused hedge fund.

Indaba Capital, which employs an event-driven strategy, was founded last year by Farallon Capital veteran Derek Schrier. While at Farrallon, Schrier was responsible for managing credit investments. Indaba only targeted a limited number of investors for the launch and hopes to double its assets during the second quarter when it opens up to outside investors.

To view HedgeTracker’s lists of Top Hedge Fund Launches, please click below:

Top Hedge Fund Launches of 2011
Top Hedge Fund Launches of 2010
Top Hedge Fund Launches of 2009

For Detailed Investor Profiles on these Investors, click below

Indaba Capital Management
Ionic Capital Management LLC

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