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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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'Facebook Twins' Backing New Hedge Fund

Jan 13, 2014
Jing Chen

The Winklevoss twins, who are famous for their legal troubles with Facebook’s Mark Zuckerberg, is backing a new hedge fund run by a Harvard graduate.

The Wall Street Journal reported that Cameron and Tyler Winklevoss’ Winklevoss Capital made an undisclosed investment in Aalap Mahadevia’s Briarwood Chase Management, which is expected to start trading with about $60 million this quarter. This is the first hedge fund investment by the pair’s family office.

Briarwood Chase will focus mostly on global so-called microcap stocks, or those with a market capitalization of between $50 million and $300 million.

The twins’ battle with Zuckerberg, which was made famous in“The Social Network," reportedly struck a $65 million settlement of their claim to a stake in Facebook. The pair used the settlement money to launch Winklevoss Capital.

 

 

 

 

 

 

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