Farallon Capital Management LLC raised $750 million for a new Asia-focused special situations fund. However millions of dollars have been flowing out of its flagship multi-strategy funds. Earlier Nevada System of Higher Education, has announced to redeem a $45 million investment made by its $450 million operating pool in Farallon Capital Management’s flagship multistrategy hedge fund.
“Like Citadel LLC and Fortress Investment Group — whose multistrategy hedge funds are on thin ice — Farallon obviously has sparked fresh interest through the launch of a specialized strategy,” said a consultant whose clients have been invested in Farallon’s multistrategy funds.
About Farallon Capital Management:
Farallon is one of the industry’s longest-running hedge funds. Founded in 1986 by Mr. Steyer, Farallon was a must-have hedge fund manager throughout much of its first 22 years.
Farllon has tied up with Noonday Global Management which is a global private investment management firm with office in Mumbai.