Element Is Raising $3 Billion as Hedge Fund Returns 21%
- Jeffrey Talpins’s firm managed $17.5 billion as of Aug. 1
- This year’s gains come from bullish bet on the U.S. economy
Photographer: Craig Warga/Bloomberg
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As Jeffrey Talpins crushes it this year, investors can’t get enough, pouring $3 billion into his hedge fund in the past month.
Element Capital Management gained 20.5 percent this year through July, according to a person familiar with the matter. The now $17.5 billion firm opened its doors to capital from July 1 to Aug. 1, raising the money primarily from existing clients, the person said. Last year, Element attracted $2 billion after it briefly allowed new investments.