Fund launches & closures

Strong start for Billett's new Arrowgrass equities strategy

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Arrowgrass has made a strong start with its new standalone long/short equity strategy, run by former SAC and Meditor man Andrew Billett.

Launched at the start of May, the fund was up by some 6% after its first couple of weeks of trading. The fund has kicked off with seed and partner money, as well as initial commitments from a couple of key investors, and will be opened to general subscriptions from 1 June - with indications that strong interest from other potential investors could take it to its initial soft-close target of €250 million in just a few