Thursday, 21 August 2014
Last updated 10 hours ago
Dec 9 2010 | 12:40pm ET
Buoyed by the success of its first residential mortgage-backed securities fund of hedge funds, Gorelick Brothers Capital has launched a sequel.
The North Carolina-based fund rolled out the Motorcroft Special Opportunity Fund II with $30 million in initial assets—both firm capital and money from multi-family offices, HFMWeek reports. Unlike its predecessor, the new closed-end vehicle will invest in agency loans, in addition to non-agency and whole loans.
Motorcroft I is up 14% this year.
Former Banc of America Securities collateralized debt obligations head Christopher Skardon will manage the new fund, which has a $200 million capacity. It will invest in between 10 and 15 managers.
Gorelick currently manages $120 million. The first Motorcroft fund debuted in March 2008.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note