{"id":43623,"date":"2014-08-19T09:11:40","date_gmt":"2014-08-19T13:11:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43623"},"modified":"2014-08-19T09:13:01","modified_gmt":"2014-08-19T13:13:01","slug":"ex-sac-executive-kumins-hedge-fund-firm-gets-leucadia-investment-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/ex-sac-executive-kumins-hedge-fund-firm-gets-leucadia-investment-2.html","title":{"rendered":"Ex-SAC Executive Kumin&#8217;s Hedge-Fund Firm Gets Leucadia Investment"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/07\/2_fullsize.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-43004\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/07\/2_fullsize-300x170.jpg\" alt=\"\" width=\"300\" height=\"170\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/07\/2_fullsize-300x170.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/07\/2_fullsize.jpg 470w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>WSJ &#8211; Former SAC Capital Advisors LP executive Solomon Kumin has secured a $400 million investment from Leucadia National Corp. LUK -0.24% for his startup hedge-fund firm, according to people familiar with the recent developments.<\/p>\n<p>An agreement signed late last week finalized plans to make Leucadia the biggest fund investor and near-50% owner of Mr. Kumin&#8217;s firm, the people familiar with the developments said. Precise terms, such as the potential ownership breakdown and revenue-sharing details, couldn&#8217;t be learned.<\/p>\n<p>The business will be called Folger Hill Asset Management, after the highest point on the Massachusetts island of Nantucket, where Mr. Kumin&#8217;s family spends vacations, one of the people said. Folger Hill plans to focus on buying and selling stocks through several trading teams.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/articles\/ex-sac-executive-kumins-hedge-fund-firm-gets-leucadia-investment-1408309096\">Read Complete Story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; Former SAC Capital Advisors LP executive Solomon Kumin has secured a $400 million investment from Leucadia National Corp. LUK -0.24% for his startup hedge-fund firm, according to people familiar with the recent developments. An agreement signed late last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43623","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43623"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43623\/revisions"}],"predecessor-version":[{"id":43626,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43623\/revisions\/43626"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}