Thursday, 25 August 2016
Last updated 3 hours ago
Mar 19 2010 | 9:09am ET
A new hedge fund is taking a Bible verse to heart. C3:23 Capital debuted in January with $2 million.
The long/short equity fund was founded by Trevor Chase Brown, an Atlanta investor who told HedgeFund.net that he’s been managing his own money for 10 years. Brown also claims a four-year audited track record.
Brown said the fund is sector-agnostic, with one exception: The newly-minted hedgie said he tends to avoid technology names.
The fund, which is “100% long 90% of the time,” according to Brown, is named for Colossians 3:23, which reads, “Work at everything you do with all your heart.”
C3:23 charges 2% for management and 20% for performance, and has a $500,000 minimum investment. ConvergEx Group's NorthPoint Trading Partners serves as prime broker.