Folger Hill Asset Management was founded in 2015 with over $1 billion under management. In November 2016 they expanded and opened Folger Hill Asia with $500 million in commitments. Currently they have offices in Boston, New York City, Hong Kong and Singapore, and have nearly 100 full-time employees. Formed by Sol Kumin, who was at SAC Capital for 10 years before founding Folger Hill Asset Management.