Hudson Bay Plans to Raise Funds Amid ‘Outstanding Opportunities’

The $5 billion hedge fund Hudson Bay Capital Management is seeking to raise capital for a new share class designed to take advantage of the market sell-off.

“The dislocations to come will provide amongst the most outstanding opportunities of my career,” Sander Gerber, who oversees the New York-based firm, said Tuesday in a letter to investors. “To take full advantage of these opportunities, we will be setting up new share classes within our multistrategy fund to supplement investments in the main portfolio...”

D.E. Shaw Raises $2 Billion for Flagship Hedge Fund

D.E. Shaw, one of the world’s biggest hedge funds, has raised $2 billion in commitments after opening its doors to new capital for the first time in seven years.

The New York-based firm turned away additional investor interest, capping how much it’ll accept at $2 billion, according to a person briefed on the matter. That’s the amount it believes it can put into attractive investments in current turbulent markets, the person said, asking not to be identified because the details are private...

Wisconsin adds $665m to hedge funds

...ticket to Elliott Associates tops the list of mandates in Q4...