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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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Minnesota Firm Closes $800M Fund

Nov 12, 2013
Jing Chen

Alternative investment firm EBF & Associates announced Tuesday the closing of one of its funds.

Minnesota-based EBF said in a statement that the fund is closing to new investors at its hard cap of $800 million. The fund, which launched in April, had an initial target of $750 million.

The fund, which makes opportunistic value investments in niche financial instruments and hard assets, targets companies ranging from $10 million to $100 million.

Founded in 1988, EBF has over $2.1 billion in assets under management.

Source: 

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