Arvind Sanger, a former star portfolio manager at SAC Capital Advisors, has begun marketing his own long/short hedge fund.
The natural resources and industrial stock specialist is looking to raise $500 million to $600 million for his GeoSphere Capital. The amount is said to be well within the gross asset base that he ran at SAC, where he managed one of the $12 billon firms larger portfolios. Steve Cohen, founder of Stamford, Conn.-based SAC, is expected to be one of GeoSpheres investors.
Among the details that have surfaced now that Sanger is out marketing the fund are that