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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

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

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).