IPOfn Capital Management Launches Long-Short Hedge Fund

Jun 11 2010 | 10:52am ET

New Jersey-based IPOfn Capital Management this month unveiled a new long-short hedge fund, the IPOfn New Issues Fund, as well as its offshore counterpart.

The funds are being co-managed by David Menlow, a media commentator for the new issues market and founder of IPOFinancial.com, and Christopher Martino, a former Barclays executive and fund manager at INCM.

The new funds are long-short equity vehicles that will focus on current IPOs and secondary issues along with existing IPOs that have come to the market within the last five years. Their core investment portfolio will be composed of securities selected through a bottom-up stock selection based on proprietary fundamental research and in-depth financial analysis.

According to a statement from the firm, "IPOs are a sub-sector of the equity market and have their own unique set of reactive trading properties. It is the fund’s intent to take advantage of these characteristics to generate high absolute returns while minimizing volatility, and seek to preserve capital through diversification across a wide spectrum of sectors."

IPOfn Capital Management utilizes Sadis & Goldberg for legal, Rothstein & Kass as auditors, Columbus Avenue Consulting as administrators, and Goldman Sachs as custodian.

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