Case File
efta-02640548DOJ Data Set 11OtherEFTA02640548
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DOJ Data Set 11
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efta-02640548
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2
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0
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From:
TOMMY MOTTOLA
Sent:
Saturday, June 9, 2018 12:10 AM
To:
JEFFREY EPSTEIN
Subject:
Ex-Viking CIO Daniel Sundheim Plans to Start Equity Hedge Fund - Bloomberg
https://www.bloomberg.com/news/articles/2017-07-03/ex-viking-cio-daniel-sundheim-plans-to-start-equity-
hedge-fund
Ex-Viking CIO Daniel Sundheim Plans to Start Equity Hedge Fund
Katya Kazakina <https://www.bloomberg.com/authors/AOUlaiQ5h2M/katya-kazakina> July 3, 2017, 5:00 AM
EDT
business
By and
Hema Parmar <https://www.bloomberg.com/authors/ARHAXZ2-jgc/hema-parmar>
*
Potential investors said to reach out, expressing interest
Sundheim will initially manage his own money in family office
Daniel Sundheim, the former chief investment officer at Viking Global Investors, is planning to start an equity
hedge fund in the second half of 2018, according to a person familiar with the matter.
Sundheim will manage his own money in a family office until the fund launches, said the person who asked not
to be identified since the matter is not public. Potential investors have reached out to the manager, expressing interest
in a fund, the person said. Sundheim, who left Viking last week, will soon begin building his team.
A representative for Sundheim declined to comment.
Sundheim's exit <https://www.bloomberg.com/news/articles/2017-06-12/viking-to-return-8-billion-to-
investors-as-cio-sundheim-leaves> from Viking comes as the firm plans to return $8 billion to investors. He joined the
hedge fund in 2002 as an analyst and became sole CIO in 2014. He left to "pursue entrepreneurial interests" after Viking
couldn't find a role that would give him the flexible investment mandate he sought, the firm told clients in a letter.
Sundheim helped with the transition of his successors.
Sundheim is among high-profile managers planning a new fund. Michael Gelband, Millennium Management's
former bond chief, and Chris LaSusa, a former Point72 Asset Management portfolio manager, are also launching hedge
funds. Citadel's former equity head, Brandon Haley, attracted $1.5 billion when he started Holocene Advisors in April -- a
sizable sum in the current challenging fundraising environment.
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'Larger Launches'
"Were he to launch his own fund business, then considering the profile and pedigree, it's easy to see this scale
to become one of the industry's larger launches," Barsam Lakani, head of prime brokerage sales at Jefferies, said of
Sundheim. "It would attract significant investor interest."
Founded by Andreas Halvorsen, the $30 billion Viking in Greenwich, Connecticut, is one of the largest hedge
funds in the world. Halvorsen said Sundheim was "in a league of his own as a stock picker and portfolio manager" and
that he looks forward to "possible collaboration," according to the letter.
Institutional Investor's Alpha magazine included Sundheim on its annual "Rich List" for 2016, saying he earned
$280 million in 2015 and $275 million the year before.
An avid art collector, Sundheim is a trustee of the Museum of Modern Art. In recent years, he's been upgrading
his collection. In 2015, he executed a complex trade chttps://www.bloomberg.cominews/articles/2016-04-26/deal-of-
the-art-why-auction-houses-are-giving-away-millions> with Sotheby's, enabling him to acquire "Untitled (New York
City)," a painting by Cy Twombly that sold for $70.5 million. A few months later, he paid about $35 million for Jean-
Michel Basquiat's "Dustheads" in a private transaction. In June, his Richard Prince painting with an asking price of $8
million sold at Art Basel <https://www.bloomberg.com/news/articles/2017-06-16/basel-shows-art-heating-up-as-
billionaires-chase-after-basquiats> .
— With assistance by Zeke Faux
<https://www.bloomberg.com/live>
Thomas D. Mottola
Chairman & CEO
THE MOTTOLA MEDIA GROUP
212 585-0000 ph
mailto
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View in Artifacts BrowserEmail addresses, URLs, phone numbers, and other technical indicators extracted from this document.
Phone
212 585-0000Phone
2640548Phone
2640549URL
https://www.bloomberg.com/authors/AOUlaiQ5h2M/katya-kazakinaURL
https://www.bloomberg.com/authors/ARHAXZ2-jgc/hema-parmarURL
https://www.bloomberg.com/liveURL
https://www.bloomberg.com/news/articles/2017-06-12/viking-to-return-8-billion-toURL
https://www.bloomberg.com/news/articles/2017-06-16/basel-shows-art-heating-up-asURL
https://www.bloomberg.com/news/articles/2017-07-03/ex-viking-cio-daniel-sundheim-plans-to-start-equityRelated Documents (6)
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