Hedge Funds

Taconic unveils new product


Event-driven manager Taconic Capital Advisors will open up a new fund to investors this month. The firm has launched an Opportunity Fund that was seeded with $20 million in partner capital.

The firm manages approximately $1.3 billion in assets. The New York-based hedge fund firm was founded by former Goldman Sachs partners Frank Brosens and Ken Brody, the former president and chairman of the Export Import Bank under the Clinton administration.

During his time running Goldman's equity-arbitrage desk, Brosens hired three recent hedge fund headliners: Eric Mindich, Dinakar Singh and Amos Meron.