Ex-Kingdon Allen raises $700m


Will Allen, the manager who was formerly responsible for Kingdon Capital Management's global macro strategy, is living large after raising $700 million in assets just a few months since the launch of his global macro fund. WoodAllen Global closed to investors on July 1, so that the macro manager could focus on developing the business further. Some of the fund's success could be due to the huge endorsement it received from former boss, Mark Kingdon, who seeded Allen's fund with what was reported to be the largest allocation the hedge fund giant has ever made to an outside