$1.5B Hedge Fund to Be Launched by Ex-Ziff Brothers Investments
A new hedge fund with $1.5 billion will be launched by Ryan Pedlow, a former top executive at Ziff Brothers Investments, marking one of the biggest startups for the industry in 2014.
Ryan
Pedlow's Two Creeks Capital Management LP raised $1.5 billion for its
launch this summer, according to a marketing document sent to investors
and a person familiar with the matter.
The
New York firm's hefty debut likely makes it one of the two largest
hedge funds to start this year, according to investors and bankers.
Mr.
Pedlow, who invested in financial stocks at Ziff's shuttered U.S. hedge
fund, was tipped by The Wall Street Journal earlier this year as one of
a handful of young hedge fund managers expected to make 2014 the
busiest year for launches since the crisis.
Source: Wall Street Journal
