Peak6 Investments has reopened one of its funds after a three-month period where it was closed to new investors in an attempt to control its increasing capital.
Financial Standard reported that Peak6’s achievement fund, which originally launched in September 2012, will likely be opened for a small period of time before it closes again at the $2 billion mark. It currently manages $1.55 billion in assets.
Peak6 chief operating officer Tomas Hricko and senior investment executive George Locasto told Financial Standard that the rapid growth of the strategy was driven by recent demand for event- or catalyst-driven hedge funds.
Consisting of mostly investments from Australian institutions, the pair also said that the fund is currently targeting new allocations from the region.
Founded in 4997, Peak6 has offices in Chicago and Seattle.