Newly-Formed Hagin Offers 130/30 Strategy

Apr 9 2007 | 11:37am ET

Hagin Investment Management is making its debut in the hedge fund space with a 130/30 quantitative strategy on May 2. The fund, Hagin Capital, will launch with less than $10 million, all partner capital.

“We think our competitive advantage comes from our quantitative research, which is based on 20 years of background research by the principals,” said Kathleen DeRose, a partner at the new firm. “Our proprietary research is unlike everyone else’s because of its unique portfolio construction method, which integrates alpha and risks, long/short exposures and positions and weightings all in one simultaneous optimization. So we think we have a competitive edge there versus other 130/30 portfolios, and we think a lot of institutional core equity assets are going to migrate to our 130/30 structure.”

The fund, which is benchmarked against the Russell 1000 Index, charges management fees starting at 55 basis points depending on the investor type. Its minimum investment requirement for institutional investors is $10 million and $1 million for individuals.

DeRose, a former portfolio manager with Bessemer Trust and Scudder, is joined by partners Robert Hagin, a Morgan Stanley and Kidder Peabody alumni, and Patrick Morris, a former institutional salesman for Deutsche Bank and several other firms. The partners are supported by a team of analysts, programmers and sales personnel.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of