SEC backs Amni with $100m

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Steve Cohen's SAC Capital Advisors is thought to be the big name backer behind the multi-strategy Amni fund being launched later this month by a high-powered team of largely Salomon Smith Barney traders, led by Peter Hirsch. Cohen is understood to be investing $100 million with the fund.

While Amni is a multi-strategy fund, it will largely invest in fixed income products. This may have been one of the attractions for the SAC boss who has been steadily building up his own internal fixed income allocations and is now running at least three separate fixed income strategies internally.

Amni is