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Winklevoss Twins Back Aalap Mahadevia’s Hedge Fund Feb 13, 2014
United States
Cameron and Tyler Winklevoss, the twins who achieved fame after they filed a lawsuit against Facebook founder Mark Zuckerberg, immortalized in the movie, “The Social Network," are backing a new hedge fund run by fellow Harvard University graduate Aalap Mahadevia, the Wall Street Journal reported.
The fund, Briarwood Chase Management LLC, will be the first hedge-fund investment by the pair’s family office, Winklevoss Capital.
Briarwood operates out of Winklevoss Capital’s office in Manhattan, N.Y., the Journal reported.
The Winklevoss twins settled their dispute with Zuckerberg over the founding of Facebook for a reported $65 million.
Mahadevia, an Indian American former analyst at Tiger Consumer Management LP, co-founded investor social-networking Web site SumZero in 2008 with Divya Narenda, who previously joined the Winklevoss twins in the Facebook lawsuit.
Sources told the Journal Briarwood would start trading with about $60 million in funding, but that Winklevoss Capital has not disclosed its investment. The fund will focus on global stocks with market capitalization of between $50 million and $300 million, the newspaper said.
Read more at http://www.indiawest.com/news/16918-winklevoss-twins-back-aalap-mahadevia-s-hedge-fund.html#CzYOoP6dv1LRlGu2.99