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Taconic Launches New Sidecar Fund to Invest in Icelandic Bank

The New York firm, fresh off strong gains last year in its two main hedge funds, has made a big bet on Arion Bank via a co-investment vehicle.

   The offices of Arion Banki HF stand in Reykjavik, Iceland, on March 14, 2012 (Photo credit: Arnaldur Halldorsson/Bloomberg). Taconic Capital has made a big bet on Arion Bank.The New York hedge fund firm has received about $160 million in capital commitments for its newly launched Sidecar III Fund to invest in

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