Union Capital Management Launches First Hedge Fund

Oct 1 2010 | 12:08pm ET

After more than a year of work, Union Capital Management has launched its maiden hedge fund.

The UCM Union Delta Fund debuted today, HedgeCo.net reports. The long/short equity vehicle will focus on growth stocks, with an emphasis on fundamental research.

“Our strategy is to make investments in winning growth stocks, monitor fundamental changes and constantly look for early evidence of deceleration to sell,” Robert Krumme, chief operating officer, told HedgeCo. “Knowledge of the underlying company fundamentals combined with knowledge of prevailing market forces are essential components in anticipating changes to a company’s growth prospects and for positioning the portfolio to protect capital.”

It is unclear how much the Philadelphia-based firm raised for the offering.UCM, founded by former Delaware Investments and Neuberger Berman portfolio manager Rudy Torrijos, had been seeking $500 million. JPMorgan Chase is the firm's prime broker.

UCM’s first fund is a collaborative effort, helmed by Torrijos, who serves as chief investment officer, Krumme, trading and risk manager Christopher Gaine and analyst Erik Fordyce.

“The name ‘Union’ was selected to signify the coming together of all people to support a common goal,” Torrijos explained.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

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

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of