Hedge Funds

Aurelius Capital raises $325 million


Aurelius Capital Management has raised $325 million for its recently launched distressed and event-driven hedge funds. The capital comes primarily from endowments and pension funds and is subject to a 25-month lockup.

The firm's activities include both long and short investing in stressed and distressed credits, corporate events, and litigation plays. Since forming the firm last year, founders Mark Brodsky and Adam Stanislavsky, who worked together for four years at Elliott Associates, have brought on eight professionals, including a trader and three analysts.

Brodsky spent the last nine years at Elliott, where he was a senior portfolio manager and