FM Capital Partners Launching with Backing from Libya

June 16th, 2010
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The North African country of Libya is supplying hundreds of millions of dollar to fund a new hedge fund that will be run by Frederic Marino, formerly a trader at both Merrill Lynch and Bear Stearns. The new fund, FM Capital Partners, will be based out of London and is planning to begin trading this summer. In addition to managing money on behalf of the Libyan government, the fund will also seek to build the next generation of Libyan investment professionals through intensive training, including class room instruction and on-the-job-training. FM Capital’s board will include diplomats and sovereign wealth investors from Libya.
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Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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