(Reuters) — London-based hedge fund firm Arrowgrass Capital Partners has amassed over $600 million for a mergers and acquisitions fund which launched in October, a source with direct knowledge of the matter said on Thursday.
Global event-driven head Michael Edwards is to oversee the Arrowgrass Customised Solutions I Fund, which will run for 18 to 24 months, the source said, confirming a story first reported by Bloomberg.
Edwards joined Arrowgrass in 2010 after working at Nusa Capital Management and U.S. investment firm D.E. Shaw.
The 4.48 billion euro ($5.11 billion) Arrowgrass master fund was up 0.54 percent for the year to March 11, documents seen by Reuters showed.
Arrowgrass was founded in 2008 by ex-Deutsche Bank traders who include its current CEO Henry Kenner.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.