Anomaly Capital Management has seen its total assets under management hit $2.4 billion after raising an additional $500 million over the past five months, according to a report by Bloomberg.

Anomaly Capital Management has seen its total assets under management hit $2.4 billion after raising an additional $500 million over the past five months, according to a report by Bloomberg.

The report cites unnamed sources as revealing that the stock-picking the hedge fund, which is run by Ben Jacobs, the former co-chief investment officer of Viking Global Investors, has gained 3% so far this year, compared with a drop of almost 10% for the average stock-picking fund, according to the Bloomberg Equity Long/Short Index.  

The fund, which focuses on cyclicals, consumer, healthcare and tech, media and telecoms, was launched by Jacobs in October 2020 with about $600 million.