Launches & Closures Hedge Funds

As billions flow in, Pine River launches two new funds


The Minnesota firm has rolled out new financial services and rates strategies.

 Pine River's Colin Teichholtz
Pine River Capital Management, the $5.5 billion firm that was launched from a remote lake cabin in Minnesota, has rolled out two new strategies as money continues to flow in to its existing funds.

The Pine River Financial Services Fund and Pine River Liquid Rates Fund began trading this month, each with more than $100 million in startup capital.

The first, a long/short equity fund, will deal primarily in U.S. financial stocks, according to a person familiar with its strategy. It has been trading internally for the