Soros Fund Veteran Betsy Battle’s Lone Peak Partners raises $70mm

Date: Monday, April 26, 2010
Author: Hedgetracker.com

New York-based Lone Peak Partners Management LP’s flagship hedge fund has raised $69.38 million. Lone Peak Partners, a manager of funds of hedge funds, was founded last year by Betsy Battle who previously worked at George Soros’ Soros Fund Management. While at Soros, Ms. Battle oversaw allocations to external hedge fund managers for Soros’ Quantum Endowment Fund.

Battle, who serves as Lone Peak’s Chief Investment Officer, co-founded the firm last year along with partners Len Lebov and Peary Stafford. Mr. Stafford previously worked with Battle in institutional sales at Citibank and Bankers Trust, while Mr. Lebov was previously a founding portfolio manager at quant manager JASPAL Asset Management.

According to an SEC filing, the flagship Lone Peak Partners Fund LP has 57 investors who committed more than $250,000 each.