UCM Seeks $500 Million For New Long/Short Hedge Fund

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.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.