Aalap Mahadevia’s Hedge Fund Receives Investment from Winklevoss Twins
A new hedge fund run by fellow Harvard University graduate Aalap Mahadevia, has been backed by the American rowers and internet entrepreneurs, Cameron Winklevoss and Tyler Winklevoss.
The fund, Briarwood Chase Management LLC, will be the first hedge-fund investment by the pair’s family office, Winklevoss Capital.
Briarwood operates out of Winklevoss Capital’s office in Manhattan, N.Y., the Journal reported.
The Winklevoss twins settled their dispute with Zuckerberg over the founding of Facebook for a reported $65 million.
Mahadevia, an Indian American former analyst at Tiger Consumer Management LP, co-founded investor social-networking Web site SumZero in 2008 with Divya Narenda, who previously joined the Winklevoss twins in the Facebook lawsuit.
Sources told the Journal Briarwood would start trading with about $60 million in funding, but that Winklevoss Capital has not disclosed its investment. The fund will focus on global stocks with market capitalization of between $50 million and $300 million, the newspaper said.Source: India West