(Bloomberg) Knight Assets & Co., a London-based investment firm led by former Deutsche Bank AG and Bank of America Merrill Lynch employees, has raised about $300 million for a new equity-focused fund that will not charge management fees, according to a person familiar with the situation.
Knight, which began seeking new cash in mid-September, is targeting $500 million in total and wants to reach that fundraising goal by early next year, the person said, asking not to be identified ahead of an official announcement. The money manager will charge performance fees of as much as 25 percent depending on returns, according to an investor presentation seen by Bloomberg News.
