Decades-old fund makes debut marketing push to exploit takeover surge
Tue Mar 30, 2010
David Simon is raising money for Twin Capital Management to further invest in what he predicts will be a substantial increase in mergers and acquisitions.
David Simon’s Twin Capital Management, which he founded in 1988, is marketing his fund for the first time. The $230 million firm manages two event-driven/special situations hedge funds, as well as some managed accounts, and is now primarily seeking institutional money.
“We didn’t actively look for money [in the past],” Simon said. “My whole philosophy has been to maximize returns, and the best way to do that is for me to stay on my trading desk.” Despite not having pounded the pavement, Simon was able to grow Twin...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.