Frustration at Ganek's IPO style

by

SAC technology star manager, David Ganek, is still likely to raise over $300 million for his new fund, although his strategy of managing investor demand is starting to irritate investors. Many are angry that Ganek is treating the launch of his fund like an IPO and has hinted that he will scale back allocations even for those investors who signed commitment letters.

The Level Global fund is expected to launch in August and Ganek, who left with his SAC team and has subsequently hired a range of top managers and back office staff, has attempted to manage investor demand