Saturday, 1 November 2014
Last updated 19 hours ago
Aug 10 2010 | 11:47am ET
Union Capital Management’s new hedge fund has been in the works for more than a year. But the Philadelphia-based firm is just now ready to begin fundraising for the vehicle, and is looking to raise $500 million, according to a regulatory filing.
The UCM Union Delta Fund is a long/short equity fund, focusing on U.S. technology, healthcare, consumer and industrial companies. According to yesterday’s Securities and Exchange Commission filing, UCM has yet to raise any money for the new fund.
The Delta fund has a minimum investment requirement of $250,000. Goldman Sachs will serve as prime broker.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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