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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...