New Hedge Fund Explodes To $1.5 Billion Value

One of this year’s most anticipated hedge fund launches is bigger than expected.

Brandon Haley’s Holocene Advisors started trading April 3 with about $1.5 billion, according to a person familiar with the matter. The news was previously reported by Bloomberg. That figure is about $500 million more than was expected a little over a month ago.

Potential investors were told that the fund had attracted four separate $200 million investments, people familiar with the matter previously told Business Insider.

Two of those tickets came from Goldman Sachs Asset Management and BlackRock, Bloomberg reported.

Full Story on Business Insider

{Matzav}