SAC and Carlson vet Jason Karp starts strong
By Lawrence Delevingne
Fri Jan 4, 2013
Tourbillon launches with $250 million, half from U.K. pensions.
Most hedge fund managers hope to launch with at least $100
million, a traditional benchmark to begin attracting
size-conscious institutional investors. But many fall short of
their goal, and the few that do make it often cobble the funds
together from firm partners and the wealthy investors they
know--or "friends and family" for short. Not Jason Karp. A
veteran of George Weiss Associates, SAC Capital Advisors and
Carlson Capital, Karp will launch his new long/short equity
hedge fund firm Tourbillon Capital Partners January 14 with
about $250 million under management, according to a person
familiar with the situation, more than double...
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