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Hedge fund manager Stanley Fink and Larry Hite launching a new fund says FT.Scared after a stroke revealed a benign brain tumour, Fink quit finance in 2005 to work for charity. He soon re-emerged to launch International Standard Asset Management (ISAM) in 2008.
ISAM is a small hedge fund that’s about to get much bigger thanks to a new partnership Fink apparently struck with Larry Hite’s Hite Capital Management.
According to the Financial Times, the two plan to launch ISAM Systematic. Their aim is to raise $6 billion by the launch date, which is said to be set for April. Hite will fun the fund as a director and also be a shareholder.