Taconic Capital Advisors is winding down its commercial real estate operation and is in advanced talks to sell one of the unit’s funds to Axonic Capital, according to people familiar with the matter.
James Jordan, who oversees the business, will leave the hedge fund firm in the first half of next year, according to an investor letter seen by Bloomberg. He’ll join Axonic and is expected to bring with him the latest vintage of Taconic’s CRE fund, which has about $200 million of commitments, said the people, who asked not to be identified discussing confidential information.
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