Verity Launches Second Fund

Feb 10 2006 | 10:03pm ET

Verity Capital, a New York-based hedge fund firm, has recently launched its second fund, a long-short equity vehicle that will invest in U.S. stocks and American Depository Receipts. The firm is also revving up its marketing efforts with the aim of attracting institutional money.

The Verity Absolute Return Fund, which was launched in December, has $2.5 million in assets under management but has the capacity to take in up to $500 million, according to Dennis Shaya, co-founder and managing partner of Verity.


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