Folger Hill Hedge Fund Teams Up With Schonfeld for Asia Push
- Investors have committed $500 million to Folger Hill Asia unit
- Amount includes capital from Schonfeld and Leucadia National
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Folger Hill Asset Management, started by former SAC Capital Advisors’ Chief Operating Officer Sol Kumin, has attracted money from Steven Schonfeld’s investment firm to expand its fledgling Asia business.
Investors including Schonfeld Strategic Advisors and Leucadia National Corp. have pledged $500 million to Folger Hill’s regional business in Asia, according to an e-mailed statement. Folger Hill and Schonfeld’s firm will work together to identify investment strategies for the Asia unit under a long-term strategic partnership deal, the companies said in the statement.