Schonfeld Still Lacks $3 Billion Despite ‘Active’ Talks
- Firm secured verbal commitments for up to $3 billion last year
- Investors pulled $4 billion from the hedge fund in 2023
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Schonfeld Strategic Advisors still hasn’t raised the $3 billion it’s been seeking, despite being close to securing it last year.
“We haven’t yet formalized a drawdown facility partnership,” the firm said in an email to employees seen by Bloomberg. “We remain in active discussions with the initial set of investors we engaged with” in the fourth quarter.