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Eisler Hedge Fund Faces Investor Scrutiny of Russia-Linked Cash

  • Company tied to Mikhail Fridman helped Eisler set up his firm
  • Fridman was sanctioned by the EU after Russia invaded Ukraine

Some of the money that helped Ed Eisler launch one of the biggest startup hedge funds in Europe around seven years ago is now drawing scrutiny from other investors in his growing firm.

The hedge fund manager got more than $100 million from an entity linked to Russian oligarch Mikhail Fridman when setting up his own shop in 2015, according to people familiar with the matter. This week, those ties have become the subject of questions from other investors in the fund, uneasy at finding themselves bedfellows with a company founded by a man sanctioned by the European Union, some of the people said.