Billionaires Perry, Lasry Are Said to Back Westhus's Hedge Fund
- New firm has raised $300 million from anchors, people say
- Co-founder Westhus worked at Perry Capital and Avenue Capital
Marc Lasry
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Todd Westhus, one of the top money managers from the now-shuttered Perry Capital, is getting backing from three former bosses for his new hedge fund.
The firm, Olympic Peak Asset Management, has raised $300 million from anchor investors including Perry Capital co-founders Richard Perry and Paul Leff, as well as Marc Lasry, who runs Avenue Capital Group, according to people with knowledge of the matter. It plans to start trading on Jan. 1, said the people, who asked not to be named because the matter is private.