Alec Litowitz’s firm will roll out its event-driven fund in October.
Magnetar Capital is set to launch its new event-driven fund on October 1 with as much as $200 million.
The firm is launching the fund in anticipation of an increase in mergers and acquisitions activity. The $7.1 billion firm has been staffing up for the launch, having recently hired Julian Frazzo of London-based De Putron Fund Management. Frazzo joined the firm in July as a senior portfolio manager and will assist in the management of the fund alongside several other senior portfolio managers. The fund will be managed by firm co-founder Alec Litowitz.
Calls to Magnetar were referred