Wednesday, 4 March 2015
Last updated 3 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…