Launches & Closures

SAC and Carlson vet Jason Karp starts strong


Tourbillon launches with $250 million, half from U.K. pensions.

  Jason Karp (Photo: LinkedIn)
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