Talpins’s Hedge Fund Element Raises $2 Billion in 2 Weeks
- New money brings firm’s assets under management to $12 billion
- Majority of the cash is said to come from existing investors
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Element Capital Management, the firm run by Jeffrey Talpins, raised $2 billion in two weeks as investors show growing interest in hedge funds that focus on macro economic events.
The new money brings the firm’s assets under management to $12 billion, according to a person with knowledge of the matter. Element reopened its macro fund to investors on March 1 and turned away additional requests after reaching its target by March 15.