Fund launches & closures Hedge Funds

Select Equity Group alum receives Steinhardt backing for global equity fund

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Arturo Brillembourg’s AEB Capital will focus on global equities, distressed debt.

Famed hedge fund manager Michael Steinhardt is among those investing in a new global value fund expected to launch shortly near Washington, D.C.

Arturo Brillembourg, who has worked for six years as an analyst at Select Equity Group, expects to begin trading this quarter with the new vehicle, AEB Capital. At Select Equity, which manages $3.05 billion in hedge fund assets and $6 billion in total, he was part of the launch team for the Great Jones Fund, a $200 million global equity fund focused on large cap stocks. His new Arlington, Va., fund will initially