November 7, 2016 / 4:31 PM / 9 months ago

BRIEF-Folger Hill Asset Management enters strategic venture with Schonfeld Strategic Advisors LLC

Nov 7 (Reuters) - Folger Hill Asset Management LP:

* Entered long-term strategic venture with Schonfeld Strategic Advisors LLC to expand Folger Hill'S business in Asia

* Received commitments to manage $500 million of assets, including capital from Schonfeld and Leucadia National Corp

* Schonfeld will work with Folger Hill on strategies to be launched with Folger Hill Asia, which will be run by Angus Wai

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