Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

News Archive

Read More Industry News >

Chicago Firm Raised $1B for New Hedge Fund

May 09, 2013
Jing Chen

Chicago-based Peak6 Investments’ asset management unit has raised $1 billion for a new hedge fund.

Chicago Business reported that about 75% of the capital raised for the fund came from U.S.-based institutional investors, such as pensions, foundation and endowments while the rest are from high net-worth clients.

The fund will be managed by Joe Scoby, a former executive` at Chicago-based options trading firm, who joined Peak6 last year.

Peak6 manages nearly $1.5 billion between its two hedge funds, which includes the new platform, and hopes to double its AuM by 2015.

Read More Industry News >

Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now

Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More