New hedge funds update: October 2011

Tennenbaum Capital Partners raises $530 million for multistrategy fund. Marathon brings in $500 million for a European credit fund.

FIRM NAME

FUND NAME

STRATEGY

PORTFOLIO MANAGER

AUM ($M)

City

State

LAUNCH DATE

Academy Investment Management

Academy Quantitative Global Fund

Quant

Ellen Wang

$5

New York

NY

August

BalanTrove Partners

BalanTrove Master Fund

Global Event Driven

Lawrence Clark

$17

New York

NY

August

Marathon Asset Management

Marathon European Credit Opportunity Fund

European Distressed Debt

Louis Hanover,

Bruce Richards

$500

New York

NY

August

Tennenbaum Capital Partners

Tennenbaum Opportunities Fund VI

Multistrategy credit opportunities

Mark Holdsworth, Howard Lefkowitz

$530*

Los Angeles

CA

August

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