Some of the biggest names in the hedge fund industry are planning to invest in a hot new fund
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Reuters / Steve Markus
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Philippe Laffont, the founder of Coatue Management, Louis Bacon of Moore Capital, and Dan Loeb, founder of Third Point, are planning to invest in Ben Melkman's Light Sky Macro, a New York hedge fund which is set to launch March 1.
Steve Cohen, founder of Point 72 Asset Management, is also investing in the fund.
Melkman previously was a partner at Brevan Howard and is planning one of this year's most sizable launches. Melkan did not return calls seeking comment in time for publication.
The fund, which will employ a macro strategy, is expected to launch with $400 million.
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