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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 editor@evestment.com

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Chicago, Seattle Hedge Fund Soft-Closes

May 20, 2013
Jing Chen

U.S.-based hedge fund manager PEAK6 Investments is capping one of its newest funds after receiving significant inflows from Australian investors.

Financial Standard reported that Australian client money accounts for about 7% of the fund’s $1 billion in capital. The fund launched in September 2012.

The article said that the fund will reopen in September and anticipates that it will reach its target capital of $2 billion by the end of the year.

Joe Scoby, who oversees the fund, explained that “a big Australian super fund came to see [PEAK6] in Chicago recently and a major consultant and another super fund coming next week.”

Founded in 1997, PEAK6 has offices in Chicago and Seattle.

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