Winklevoss Twins are Planning their Way into Hedge Funds
The rowers and internet entrepreneurs, Cameron Winklevoss and Tyler Winklevoss, are backing a new hedge fund run by fellow Harvard College graduate Aalap Mahadevia, people with direct knowledge told WSJ.
The
fund, called Briarwood Chase Management LLC, will be the first
hedge-fund investment by the pair's family office, Winklevoss Capital.
Briarwood Chase currently operates out of the Winklevoss Capital offices
in Manhattan's Flatiron District.
Other
Winklevoss Capital investments include Hukkster, Inc., a company that
alerts consumers when items are on sale; Keepy Inc., an interactive
scrapbook application; and AngelList, LLC, which helps startups raise
money.
The
hedge-fund investment marks the Winklevosses' entry into the more
traditional world of Wall Street. Olympic rowers at the 2008 Summer
Games in Beijing, in 2012 they struck a reported $65 million settlement
of their claim to a stake in Facebook, litigation that dated back to
their design of a similar social network with Mr. Zuckerberg in 2003.
That battle was made famous in the film "The Social Network."
Source: Wall Street Journal
