Two harbors invest in a new hedge fund –
Two harbor investors are buying a new firm that helps hedge fund managers make money on their investments.
Acorn Investment is one of a handful of hedge funds that invest in hedge funds and private equity funds.
Acorns portfolio, which has $8.5 billion in assets, is based in New York City, and its chief executive officer, Jim B. Bohn, was recently named to the Bloomberg Global Business Leadership team.
The fund’s portfolio includes a portfolio of private equity firms.
Acoustons portfolio includes several private equity investments.
It includes Fidelity Investments, a private equity fund, and J.P. Morgan, an investment management firm.
The firm’s website says it “develops and markets strategic hedge funds to hedge funds with assets exceeding $10 billion and is one the first to offer such strategies.”
Acorns fund is the third hedge fund to be bought by Acorns.
Acorns fund raised $2.9 million from investors in December.
The firm has been buying investments from hedge funds in the US, UK, and Canada since it was founded in 2006.
Acorn has been active in hedge fund trading since 2007.