Memphis Fund of Hedge Fund to Raise for Its New Fund
Following to SEC filings, Gerber Taylor Management, a Memphis-based fund of hedge funds investment manager, has raised the amount of $19 million for its eight fund (Palladian Partners VIII).
The fund has a $250 million target.
Gerber Taylor Management has approximately $4.9 billion in assets under management in addition to this fund.
The
firm invests across all alternative asset classes through its fund of
fund vehicles. The fund of hedge fund vehicle will look at strategies
such as convertible bond arbitrage, merger arbitrage, distressed
securities, global long/short, and private equity/real estate.
Previous Palladian Partners funds were slightly smaller in size, hovering around $200 million.
The
fundraise is notable as fund of funds reemerge after a longstanding
narrative that the vehicles were too expensive. The data bears this out,
HFR data for the month of July shows that fund of funds saw their first
inflows in three years, with total invested capital exceeding $670
billion.
Source: Opalesque
